This is The Wichita Falls Family Law Podcast, with Attorney Richard Sutherland. We talk about Texas divorce and family law. This month’s topic is marital debt and liability in Texas.
Marital debt and liability in Texas:
- What is community debt in divorce?
- What is sole management and control of community property?
- What happens when one party defaults on a financial obligation?
- Can the court order one spouse to pay the debt of the other?
- What are the common issues involved regarding marital property?
Today we are focusing on who is liable for a debt and what property is subject to execution to satisfy the debt liability. We are going to use the examples of the purchase of a truck and the transfer of title to a house.
What happens to the parties if the husband defaults on the note he used to buy the truck? Is the wife liable? If the bank sues the husband, it can seek to collect its judgement from three sources. (Listen to the podcast to learn more).
What happens when the court awards one spouse the house? Is the other spouse released from the debt? No. The court can only issue orders which bind the parties to the lawsuit.
For additional general information, please read about Wichita Falls, Texas Family Law on our website.
Attorney Richard T. Sutherland practices family law and commercial litigation in Wichita Falls and all over Texas. Since being licensed by the State of Texas in 1976, Richard Sutherland has been an active member and leader in many legal organizations including the State Bar of Texas. He is a frequent speaker and continuing legal education contributor. Sutherland is an alumnus of The University of Texas at Austin and the Oklahoma City University School of Law.
For information about Texas divorce and family law please call Attorney Richard T. Sutherland in Wichita Falls, Texas by dialing (940) 691-2100.
You can follow Attorney Richard T. Sutherland on social media and find useful articles and resources for you and your family. Richard Sutherland is on Facebook, Twitter and LinkedIn. For a virtual library of blog articles and podcast interviews about Texas divorce and family law please visit WichitaFallsFamilyLaw.com.
Richard T. Sutherland represents people and families in Wichita County, Archer County, Baylor County, Clay County, Foard County, Hardeman County, Jack County, Montague County, Wise County, Young County and Wilbarger Counties in North Texas and has accepted cases in other areas West, North-Central and in South Texas.