A Louisville Divorce Can Affect Your Credit - Proven Family Law Attorneys

A Louisville Divorce Can Affect Your Credit

There are many ways a Louisville divorce can affect your credit. What do you need to be aware of as you work through the process of a divorce? Those who are considering getting divorced might have heard that divorces can impact your credit score. There are several things that might occur during a separation which could have a negative impact …

Commingled Assets and Debts in a Louisville Divorce - Property Division

Commingled Assets and Debts in a Louisville Divorce

How will the Court handle commingled assets and debts in a Louisville divorce. Generally speaking, there are principally two types of marital property in a Louisville divorce – “marital property” and “separate property.” Basically, marital property will encompass any assets and debts which are obtained by the parties jointly or separately from the date of the marriage to the date …

How Are Debts Divided in a Louisville Divorce - Property Division

How Are Debts Divided in a Louisville Divorce?

How are debts divided in a Louisville divorce? Will I be responsible for the debts of my former spouse? Both spouses are technically responsible for any debt which was acquired from the date of the marriage until the date of separation. This applies to all debts and accounts regardless of whether either or both of the spouses are named on …

Does the Process of a Divorce Treat Assets and Debt Equally? Louisville

Does the Process of a Divorce Treat Assets and Debt Equally?

We are often asked “does the process of a divorce treat assets and debt equally? Will our property and debts be divided 50/50? Virtually every divorce in Louisville involves the distribution of assets and debts. Assets will include everything from the family home to personal property, a business or professional practice, retirement accounts or pensions, investments, real property and even …

You Must Fully Disclose Every Asset and Debt in a Louisville Divorce

You Are Legally Required to Fully Disclose Every Asset and Debt in a Louisville Divorce

Kentucky law clearly requires every individual to fully disclose every asset and debt in a Louisville divorce. This applies to many things often missed such as retirement accounts, personal injury settlements as well as separate and pre-marital or gifted assets! We are often asked “what information must be disclosed?” The short answer is simply any and all information you possess …

Are Debts and Property Treated Equally in a Louisville Divorce?

Are Debts and Property Treated Equally in a Louisville Divorce?

Are debts and property treated equally in a Louisville divorce? How will your personal property, vehicles, real property, investments, retirement accounts and pets be divided during the division of marital property? The first concept to understand is the difference between “marital” property and “separate” property. Marital property is generally defined as any asset or debt which is acquired by either …