Difference between revisions of "Dividing Property and Debt in Family Law Matters"
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===Property and Debt in British Columbia=== | ===Property and Debt in British Columbia=== | ||
Section 97 is the central element of Part 5 and gives the court its general powers to effect the division of property and debt. Under s. 97, the court may: | |||
(a) determine any matter respecting the ownership, right of possession, or division of property or debt; | |||
(b) make any order that is necessary to give effect to a division of property or debt; | |||
(c) declare who has ownership of or right of possession to property; | |||
(d) require a spouse to pay compensation to the other spouse if property has been disposed of, transferred, converted, or exchanged into another form, or for the purpose of dividing the property; | |||
(e) require partition or sale of property and payment out of the proceeds of sale to one spouse or both in specified proportions or amounts; | |||
(f) declare that one spouse is responsible for payment of a family debt and must indemnify the other spouse for the debt; | |||
(g) require the sale of property for the purposes of paying a family debt; and, | |||
(h) transfer property to a spouse. | |||
====Interim Orders==== | ====Interim Orders==== | ||