What happens to matrimonial assets and debts after divorce?
Published on :
19/05/2025
19
May
May
05
2025
Matrimonial assets (money on bank accounts, furniture, vehicles, former matrimonial home) and debts (rent areas, taxes due, short fall of mortgage) will be dealt with separately from the divorce proceeding.
If there is no agreement on liquidation of matrimonial assets between spouses, the dispute will be settled by a Judge.
In a mutual consent divorce the assets must be liquidated before the Judge can pronounce the divorce.
In all the other form of divorce (for example: divorce for fault, divorce for separation for more than two years) the liquidation of matrimonial assets can be ordered by the Judge sometimes many years after the divorce is pronounced.
If the ex-spouses do not agree on the fate of the former matrimonial home, it will be sold during a court auction, usually at a price far below the market price.
To avoid this, it is preferable to reach an of out of court agreement.
History
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What happens to matrimonial assets and debts after divorce?
Published on : 19/05/2025 19 May May 05 2025Firm newsFirm news / INTERNATIONAL FAMILY LAW IN FRANCE
Matrimonial assets (money on bank accounts, furniture, vehicles, former matrimonial home) and debts (rent areas, taxes due, short fall of mortgage) will be dealt with separately...
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Is representation through a French lawyer mandatory in Divorce proceedings?
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