Options for settlement when the marital estate is upside down

more+
less-

The process of obtaining a legal separation or divorce is already a highly stressful and emotionally draining process for the Parties involved. In addition to adjusting to their newly single lives, there may also be the issues of child custody, child visitation, child support, spousal support, property division, and/or attorney’s fees and costs involved. These issues (where applicable) must of course be resolved one way or another, whether through litigation or a settlement agreement, before a Judgment can be reached, and before the Parties can truly move on with their lives.even if the Parties were to liquidate all of the community assets, they would not be able to satisfy all of the community debts. To resolve this increasingly common problem in today’s times, Parties and/or the attorneys have been forced to find creative solutions to resolving the problem of the upside down community estate.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cooper Gordon LLP | Attorney Advertising

Written by:

more+
less-

Cooper Gordon LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×