When a couple decides to divorce, the complex issue of division of community assets and debts must be properly and fairly settled. Oftentimes, it becomes difficult to determine the character of an asset or debt. The attorneys at Ginzburg & Bronshteyn, APC have the knowledge and expertise to determine the nature and characterization of community assets and debts and to ferret out assets that have been hidden by a spouse.
You may have more community assets than you know. If a bank account was opened during the marriage, even if it is in one spouse's name alone, it is a community asset. The same concept applies to debt. For example, if a credit card is obtained during the marriage or partnership in one spouses name alone, it is still a community debt, with each spouse being equally responsible for the debt.