Which of the following is the BEST statement of how liabilities are treated upon divorce?
A) The parties work out their own way of paying off their debts as the courts are more concerned with the division of assets.
B) Responsibility for liabilities is usually addressed in the same manner as the division of assets: by premarital agreement, separation agreement, or court order.
C) Whichever party incurred the debt has to pay it off if the debt was incurred for marital purposes.
D) Responsibility for marital and separate debt is automatically divided equally upon divorce.
B
You might also like to view...
Military tribunals:
A) are a post 9/11 innovation. B) were used by President Lincoln during the Civil War. C) were used during World War II. D) have been ruled unconstitutional by the Supreme Court. E) both B and C
A nonlawyer who is authorized to represent clients in Medicaid and Medicare hearings: _____________________.
Fill in the blank(s) with the appropriate word(s).
Only an individual debtor may file for relief under Chapter 7.
Answer the following statement true (T) or false (F)
A title examiner would search in the grantee index from the past to a present date.
Answer the following statement true (T) or false (F)