Washington law provides for the division of debts in a divorce exactly as it provides for the division of property. In other words, debts are to be divided between the spouses in a fair and equitable manner. What “fair and equitable” mean for you depends on the circumstances of your case. Like property, debts are either…
Bankruptcy is the legal process by which an individual or a married couple can discharge eligible debts or obtain a court order that you do not have to pay one or more particular debts. This is often a solution when a couple has accrued substantial amounts of debt that they really cannot repay. In many…
Marriages may not always last for decades, but some debts do. When a married couple who owns a house divorce, the mortgage debt often exists for longer than the marriage. During a divorce, couples need to be aware of the long-term consequences of their mortgage before deciding on what should happen to the house. Mortgages…