In this video, Bryan Fagan, an attorney at the Law Office of Bryan Fagan, discusses debt division in a Texas divorce. He explains that Texas is a community property state, meaning that any debt incurred during the marriage is considered community debt and is subject to division during a divorce. Fagan goes on to discuss the various factors that are taken into consideration when dividing debt in a divorce, such as who incurred the debt, the purpose of the debt, and the ability of each party to pay the debt. He also explains the importance of having a clear understanding of your financial situation and working with an experienced attorney to ensure a fair division of debt during a divorce. Overall, this video provides valuable information for anyone going through a divorce in Texas and facing debt division.
