One of the major tasks divorcing couples face is how to divide their assets and debts. Under Texas law, all property accumulated during the marriage is presumed to be community property which is owned equally by both parties. The same principle applies to accumulated debt. The first step a divorcing person needs to take is to make an inventory of all their assets and debts. The … [Read more...] about Divorce: How Do Assets and Debts Get Divided?
You are here: Home / Archives for Debts