California | Family Law
Legal Question
Using a Joint Personal Loan to Pay Bills During Divorce Process
We have a joint ''personal line of credit'' that can be
used for any purpose (overdraft,etc.). It hasn't been
used since my husband abandoned us on 1/1/02. (I
filed on 1/15/02.) Payments have been made directly
from his paycheck twice a month since to present.
There is about $700.00 available credit on this loan to
date. In the meantime, he has left me with the majority
of the bills and the $$ is not enough to cover all the
bills. Can I legally use the $700.00 to pay our joint bills
(utilities that are now late, etc.)? What are the legal
ramifications of this action? I do realize the loan is
community property. How would this be handled when
this bill is divided between us later on? I see this as
reallocating the joint money/bill. the only difference is
that the loan has interest and the uitilities, etc. do not.
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