Difference between revisions of "Dividing Property and Debt in Family Law Matters"

Dividing Property and Debt in Family Law Matters (view source)

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 ===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====