Difference between revisions of "Dividing Property and Debts"
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It is not necessary to start a court case to divide property or debt, and you do not need to get a divorce order first if you’re married. However, if an agreement about dividing property and debt can’t be reached: | It is not necessary to start a court case to divide property or debt, and you do not need to get a divorce order first if you’re married. However, if an agreement about dividing property and debt can’t be reached: | ||
*married spouses must apply to court for a division of property and debt under the ''Family Law Act'' within two years of the date | *married spouses must apply to court for a division of property and debt under the ''Family Law Act'' within two years of the date that court made a divorce order or a declaration that their marriage is a nullity; and | ||
*unmarried spouses must apply to court for a division of property and debt under the act within two years of the date they separated. | *unmarried spouses must apply to court for a division of property and debt under the act within two years of the date they separated. | ||