My ex was ordered to pay me $50 per paycheck and 25% of quarterly bonuses to satisfy $25,000. The $25,000 was for debt in my name that is listed in decree I.e. taxs owed, student loans, business loan, and home equity loan. It says exactly defendant agrees to pay the following debt and indemnify and hold plaintiff harmless therefrom: then lists the four items above and the states payment terms from above. I just need to know if this can be considered income the money he pays me monthly?
Divorce is the process of formally ending a marriage. Divorces may be jointly agreed upon, resolved by negotiation, or decided in court.
Responsibility for debts acquired during marriage may fall upon both parties after divorce, even if only one spouse incurred the debt.
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