1-877-668-9386
Embaucher un avocat
DC Logo F-no-tagline
DC Logo F-no-tagline

Understanding debt/assets

Anonymous Asked:

My husband and I have separated, most of our property was in his name (vehicles, boat, motorcycle) and he took them when he left and consolidated loans to continue paying the debt but never gave me the option of what I wanted to keep. How does this work now that he has been making payments for the past few months?

Expert Comment:

Subscribe
Notify of
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Stuart Zukerman
8 years ago

It does not matter who’s name an asset, bank account, RRSP, Pension, Real Estate, vehicle, or debt is registered in – if you were married or lived together as spouses for more than 2 years then the Family Law Act of B.C. provides that each spouse is entitled to a 50% interest in the equity or debt that grew or accumulated during the marriage or cohabitation(excluding the pre cohabitation equity). A proceeding in the Supreme Court under the Family Law Act would be needed to divide the assets and debts if you are unable to negotiate an agreement.

Latest Questions Asked:

DC Icon

What can you buy while you filling for a divorce

What can you invest on or buy while you are going through divorce

DC Icon

Preparing for Court: What to Expect in a Contested Divorce Trial in Ontario

Divorce is a life-altering event that can be emotionally draining and legally complex. When a divorce becomes contested, both spouses cannot agree on some or all of the key issues. This can lead to more significant challenges, as the court has to step ...

DC Icon

Do Divorce Lawyers Work on Weekends? Get Expert Advice When You Need It

If you've been wondering, "Do divorce lawyers work on weekends?" you most likely are experiencing the common truth that navigating the complexities of divorce can be challenging, and finding the right time to discuss your concerns with a divorce lawyer ...

DC Icon

How to Not Pay Spousal Support in Canada

Introduction Divorce can be a challenging and emotionally draining process, and one of the most contentious issues is often the payment of spousal support. Many individuals going through a divorce wonder, "how to not pay spousal support in Canada?" Whi ...

DC Icon

Divorce Lawyer for Business Owners: Protecting Your Business and Assets

Divorce is a difficult and emotional process for anyone, but it can be particularly challenging for business owners. The division of assets and determination of spousal support can have a significant impact on the future of a business. That's why it's ...

DC Icon

Divorce Lawyer For High Net-Worth Individuals

High Net Worth Divorces: Navigating the Complexities and Protecting Your Assets Divorce is never an easy process, but when it comes to a high net worth separation and divorce, the stakes are even higher. Unlike the average divorce, high net worth divor ...

See All Questions
magnifiercrosschevron-down
1
0
Would love your thoughts, please comment.x
()
x