In Louisiana, a community property state, marital debt, just like marital assets, are split during divorce. However, just because you or your spouse is ordered to pay a debt, it does not change the contract to the debtor. In other words, even if your spouse is ordered to pay a debt in the divorce settlement, …
Divorce can be a long process. Chances are, you’ve spent hours going through financial records and collecting documents. When you finally get your divorce judgment, you just want to relax and get on with your life. Not so fast! Critical financial housekeeping must be done before you can close the book on your marriage and …
I can’t count how many times clients come in with this question. The answer is, well, it really depends. In Louisiana, unless there are special circumstances, a divorce judgment is granted after the spouses have lived apart for a requisite period of time prescribed by the statute: If the couple has minor children, they must …