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Arizona Divorce and Debt: Laws on Dividing Marital Debt in ...
Just as community property is owned equally between spouses, so too is marital debt. Upon divorce , or dissolution of marriage, in Arizona, any marital debt that exists is divided equitably between the spouses.
This means that each spouse takes a fair amount of the couple's overall debt that was accumulated during the marriage.
Marital Debt Definitions
In Arizona, generally any type of debt that was acquired during a marriage is...
Credit and Divorce - FindLaw
Mary and Bill recently divorced. Their divorce decree stated that Bill would pay the balances on their three joint credit card accounts. Months later, after Bill neglected to pay off these accounts, all three creditors contacted Mary for payment. She referred them to the divorce decree, insisting that she was not responsible for the accounts. The creditors correctly stated that they were not...
Date: 2018-03-20 17:48:07
How is debt divided in an Arizona Divorce? - AZ Mediator
July 30, 2012 By admin Leave a Comment
As a general rule, spouses are responsible for each other's debts. A.R.S. § 25-214(C). The law presumes that debts incurred during a marriage are community debts, absent clear and convincing evidence to the contrary. See Hofmann Co. v. Meisner, 17 Ariz. 263, 267, 497 P.2d 83, 86 (1972). A debt is considered community if it was intended to benefit...
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