Legal Question in Family Law in Texas
What does this statement mean? "it is furthered ordered and decreed that the party awarded a debt shall indemnify and hold harmless the other party from any failure to discharge such debt."
Asked on 3/21/12, 9:20 am
1 Answer from Attorneys
Mark Dunn
Mark D. Dunn
It means that if YOU are "awarded" a debt and don't pay it, and the creditor manages to squeeze money out of the other party, the other party can sue you for indemnification.
And vice versa.
Answered on 3/23/12, 9:30 pm