
Quoting
blaze678
My wife and I will be going through the divorce process soon here in California, and I am wondering regards our credit card debts and assets. I understand these matters are not simple.
I will set an example:
Let's say, prior to our marriage, I owed $10,000 in Credit Card debts. Today I owe $20,000.
1. So the prior $10,000 CC debts would not apply to our marriage, correct?, but throughout our marriage I paid off for example $5000 off of it. So technically from the $20,000 I owe today, $15,000 are from our marriage. On top, my wife has let's say $10,000 Credit Card debt herself.
So would I add her $10,000 with only $10,000 from my $20,000, or would the law consider that I had paid of $5,000 of my prior debt in our marriage, and her $10,000 would add with $15,000 of mine?
How does the law view this?