How are debts divided in divorce in Iowa?
Just like assets are divided, debts are also divided in an Iowa divorce. Any debt acquired during a marriage is the responsibility of both parties, up to the date of separation and both spouses are liable for repayment. The debt will be split fairly but not necessarily on a 50-50 basis.
How does no fault divorce work in Iowa?
Iowa recognizes “no fault divorce,” which allows a marriage to be dissolved when there is evidence of a breakdown of the marital relationship with no likelihood it can be preserved. The petitioner is not required to blame the other spouse for or prove any particular misdeed or wrong. See Iowa Code 598.5 and 598.17.
When to file for uncontested divorce in Iowa?
If your spouse files an Answer to Petition for Dissolution of Marriage with no Minor or Dependent Adult Children or a General Answer with the court but agrees with all of the terms of the Petition, this is considered an uncontested dissolution of marriage.
Can a bifurcated marriage get a divorce in Iowa?
However, Iowa does not allow for bifurcated marriages. All issues must be resolved before a divorce in the state can be finalized. During the 90-day waiting period, parties will usually have to file a Financial Affidavit (Form FL-124) unless a judge decides that it is not needed.
What are the legal grounds for divorce in Iowa?
The Petitioner is the party who files for divorce. The Respondent is the other spouse. What are legal grounds for divorce? Iowa recognizes “no fault divorce,” which allows a marriage to be dissolved when there is evidence of a breakdown of the marital relationship with no likelihood it can be preserved.
Just like assets are divided, debts are also divided in an Iowa divorce. Any debt acquired during a marriage is the responsibility of both parties, up to the date of separation and both spouses are liable for repayment. The debt will be split fairly but not necessarily on a 50-50 basis.
If your spouse files an Answer to Petition for Dissolution of Marriage with no Minor or Dependent Adult Children or a General Answer with the court but agrees with all of the terms of the Petition, this is considered an uncontested dissolution of marriage.
However, Iowa does not allow for bifurcated marriages. All issues must be resolved before a divorce in the state can be finalized. During the 90-day waiting period, parties will usually have to file a Financial Affidavit (Form FL-124) unless a judge decides that it is not needed.