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Texas is one of nine states that is a community property jurisdiction. In general, this means that any property acquired by a couple during their marriage (with a few exceptions) is equally owned by both spouses. This can have a profound effect on the dissolution of property during divorce proceedings.

Texas is one of 10 community property states. Debt created during marriage in Texas is presumed to be community debt.

Since Texas is a community property state, spouses are equally liable for debt, including debt on credit cards held solely by one spouse. Keep in mind, however, that while debt can be reassigned, a credit card cannot, even if the judge deems the debt on that card your spouse's responsibility.

Although Texas is a community property state, the law doesn't require a strictly equal split. Under Texas community property law, both assets and debts are to be split ?equitably.? That means if your spouse incurred most of the debt, they may end up with the bulk of it in the divorce.

Community debt is debt you or your spouse got during the marriage. The law says that community property and debt should be divided when you get divorced in way that is ?just and right.? This does not necessarily mean 50/50. Note: There are exceptions to these general rules.

Community Debt: In general, community debts are those incurred after the date of marriage, but before the date of separation. Debts incurred during marriage belong to both spouses equally, even if only one spouse incurred them (eg., only one spouse signed the credit card slip).

A debt incurred by a spouse during the marriage is presumed to be a community property debt. If a debt is incurred during the marriage, but the creditor agreed to look solely to the separate property of the spouse for satisfaction of the debt, then the debt may be a separate property debt.

Typically, in Texas both spouses are liable for joint credit card debt accumulated during a marriage, regardless of whether both names are on an account. Any credit card debt that was incurred before you got married will most likely be your sole responsibility after divorce.

Usually, the term community property means that whatever both spouses acquire during a marriage is treated as being owned by both the husband and wife, including debt. The problem, however, is that while Texas is a community property state, it is not a community debt state.

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How will marital debt be divided? Total Liabilities and Stockholder's Equity.

Plano Texas Order Adjudicating Undivided Community Liabilities

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What assets are considered community property in Texas?

Is Texas a community property state debt?

Is credit card debt community property in Texas?

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What is considered community debt in Texas?

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Is credit card debt considered community property in Texas?

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