Recent Posts in community debt Category

Community Property Essentials for Texas divorces

The law in Texas provides that a married couple can agree in writing that either of your separate property can be characterized as community property. This is not the same thing as being co-tenants in ...
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Community Property and Credit in Texas Divorces

If either you or your spouse make a purchase on credit during your marriage in Texas, there is a presumption that the credit utilized is community in nature. This would make sense as all property that ...
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Should a Divorced Parent Sign a Waiver (Release) and Indemnity Agreement to Allow a Child to Participate in Recreational Activities?

It’s our delight to introduce a guest blogger Paul H. Cannon who is a trial attorney and shareholder at Simmons and Fletcher, P.C. He has been practicing personal injury and product liability ...
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Family Law Cases in Texas: Temporary Orders and the Final Orders stage of a divorce

I like to think of divorce cases as having two stages. You could argue that there are far more, but for the purposes of this blog post, I will stick with my general theory that there are two. The ...
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Texas Divorce Overview: Dividing Community Property and Debts

Community property is defined in the Texas Family Code as any property that is acquired by either or both spouses during marriage by any means other than gift or inheritance. This is obviously a ...
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Texas Prenuptial Agreements: What can and what cannot go into one

At first glance, it may seem like the last thing you want to do as you prepare to marry someone is to discuss a premarital or prenuptial agreement. When you contemplate drafting such an agreement it ...
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Handling the issue of credit card debt during your divorce

Despite how powerful the judge may seem in your divorce case he or she cannot do anything to affect a contract that you had agreed to with a credit card company. If you agreed to pay a certain ...
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The community estate in a Texas Divorce: Where is all of our stuff going?

The part of a divorce that proves to be the most difficult time and time again (other than issues relating to children) is what ultimately happens with your community estate. The community estate that ...
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Can you be forced to get a job after your divorce?

If you are going through a divorce, or are merely contemplating one, you should prepare yourself for changes on the horizon. Your quality of life will change- either for the better or for the worse- ...
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Common Law Marriage: How to avoid being or getting married without your intent

Plenty of people get married for reasons other than love. Money, security, maybe even a little baby about to be born are just a few of the reasons why people get married when eternal love is not the ...
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Who decides how your community property is split during a Texas divorce?

If you and your spouse were to take all the community property that you own and put it towards the center of an imaginary (and huge) table during your divorce, the next question that would need to be ...
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How to achieve a successful divorce from a financial perspective, Part Three

If you have been reading the Law Office of Bryan Fagan’s series of articles on how to achieve a successful divorce outcome the it is likely that you have either filed for divorce already or are ...
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How to rebuild your financial health after a divorce

A large concern that people have while they are going through a divorce is their credit score. Borrowing money and then repaying that money on time is crucial to maintaining a good credit score and ...
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Handling debt in a Texas Divorce

When either you or your spouse incur a debt during the course of your marriage it is presumed to be included within the community estate. On the other hand, if you have incurred a debt before you were ...
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How credit cards and debts are handled in a Texas Divorce

When people are contemplating a divorce their first concern is usually their children (if they have any) and the property. The family home, motor vehicles, vacation houses, etc. are at the forefront ...
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Divorce in Texas: How to separate from your spouse with your sanity and wallet intact

Every once in a while potential clients of the Law Office of Bryan Fagan will walk into our office with questions about a divorce. These folks will begin talking about their situation when they will ...
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Getting Ready for Divorce in 2017 in Texas: Part One of a Two Part Series

Whenever a potential new client walks into the Law Office of Bryan Fagan for a free of charge consultation the person will usually approach their family law situation in a straightforward manner. It ...
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Protecting your Credit during a Texas Divorce

When it comes to financial matters in today’s world your credit score means a great deal. Whether you want to apply for a home loan, a credit card or secure financing for a business opportunity, ...
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What Happens to Marital Debt During a Texas Divorce?

A Divorce in Texas deals with three primary areas of two persons lives: Dissolving the marriage relationship determining conservatorship/possession/acc ess for children (if any) and dividing the ...
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