In California, you may get reimbursed for the debts you paid during your divorce. Community debt is debt acquired during your marriage. This can be any type of debt, such as a mortgage or credit card debt, and it can be in either spouse's name. Even if your spouse has a credit card you are not aware of, if the debt was acquired during the marriage, it will most likely be a community debt.
If you paid down marital debt during your divorce with income you earned after your separation, then you may be entitled to reimbursement. Half of the value of the payment should be deducted from the marital estate and credited to you. You are entitled to 100% reimbursement if you pay debts incurred by your spouse after separation.Reimbursements for Separate Property Contributions
All property acquired during marriage is presumed to be community property. However, if you use your separate property to acquire community property you are entitled to reimbursement. This situation typically occurs when a spouse uses savings earned before marriage as a down payment on a residence. It can also occur when one spouse owns a residence prior to marriage that, during marriage, is refinanced and titled in both your and your spouse's names.San Jose Divorce Reimbursement Lawyer
If you are considering divorce but are concerned about debt obligations, you are not alone. You need a San Jose divorce reimbursement lawyer who has helped countless people who have had the same concern. Most people going through a divorce fear what impact it will have on their finances. Because I have had more than three decades of experience in divorce and family law, I knows how to alleviate your concerns and explain your legal options for handling debt and getting reimbursed for debt you have been paying down. Mortgages, student loans and credit cards are all debts that need to be paid on time. Your lender does not care if you are going through a divorce; they just want to be paid. If you have responsibly paid down marital debt after separating from your spouse, you might be entitled to reimbursement in your divorce.
At the law office of John S. Yohanan, I can help you determine if you are eligible for reimbursement.Experienced Divorce Counsel for Complex Financial Matters
San Jose Divorce Lawyer John S. Yohanan offers experienced divorce counsel for complex financial matters that arise during and after marriage dissolution. In addition to his own legal experience and an extremely dedicated staff, he also has access to forensic accountants and other specialists who can assist with the analysis of your debt. With these resources, he may be able to help you recover the money you paid to resolve marital debts. For even the complex marital estates and divorces, the Law Office of John S. Yohanan is on your side with extensive resources. To contact me call (408) 297-0700 or use via our online form.