Legal Question in Family Law in Nevada
Community Debt until a Divorce is Final
I have moved out of the house I own with my wife. I have split our finances equally including our credit card debt. However her truck loan is in both our names, with mine as the primary. I know if she does not make the payment, my credit would be ruined. However she is planning to keep this vehicle. My question is, could I be a fault for not making half this payment until the divorce is final. Since I'm not living at the house, I don't plan to make a payment there either, but understand the danger of my credit being ruined if the payment is not made. A child is involved and I do plan on making what would be my child support payment by formula.
1 Answer from Attorneys
Re: Community Debt until a Divorce is Final
You don't mention if you and your wife are working out an amicable divorce. If so, then she could keep the truck but would have to refinance it into her name. Alternately, you could agree in the divorce decree that you will pay the truck payment and get credit towards statutory child support.