Скачать или смотреть What Happens to Community Property Debt in Divorce?

In this video, we break down the essentials of divorce debt division in Texas. Texas is a community property state, which means debt acquired during the marriage — like credit card debt or loans — is typically split between both spouses. But there are exceptions!

We first discuss how factors like income disparity and the purpose of the debt can affect how community property debt is divided. If one spouse earns more, they may take on a larger portion of the debt. Similarly, debts incurred for personal benefit or due to financial misconduct, like reckless spending or hiding assets, can be assigned solely to one spouse.

We also cover tips to protect yourself financially. Start with full financial disclosure, separate joint accounts, notify creditors, and work with an experienced attorney to draft a clear, legally sound agreement. Keeping an eye on your credit report is another important step to ensure there are no surprises. Finally, if you and your spouse agree on terms, an uncontested divorce can make the process smoother, but you’ll still need a detailed written agreement to avoid future issues.

If you’re navigating divorce in Houston, Daniel Ogbeide Law is here to help you protect your financial rights. Call us at 832-321-7005 to schedule a free consultation. Don’t forget to follow us on social media, comment on our videos, and subscribe to our YouTube channel for more helpful content!

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00:00:00 - Introduction to the video

00:00:34 - Factors that influence debt division after divorce

00:01:13 - Protecting yourself from unfair debt during divorce

00:01:52 - Contact Daniel Ogbeide Law to protect your financial rights during divorce