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Going through the agonizing divorce process? Many decisions need to be made and dividing all property assets is one of these decisions. You might need to get the court involved, especially if you aren’t very knowledgeable about the process in the state of Louisiana. Louisiana Community Property Laws Under the Louisiana Community

How is credit card debt divided? Credit card debt will be divided as a part of the overall division of the marital property and debts. Just as in the division of property, the court will divide the debt equally. If your spouse has exclusively used a credit card for purposes that did

What is a property settlement agreement? A property settlement agreement is a written document that includes all of the financial agreements you and your spouse have reached in your divorce. This may include the division of property, debts, child support, alimony, insurance, and attorney fees. The property settlement may be a separate

What is meant by equity in my home? Equity is the difference between the value of the home and the amount owed in mortgages against the property. For example, if the first mortgage is $50,000 and the second mortgage from a home equity loan is $10,000, the total debt owed against the

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