LINE

Text:AAAPrint
Society

Debt rules clarified for divorcees

1
2018-01-18 08:18China Daily Editor: Li Yan ECNS App Download

Wives and husbands who file for divorce in China can now escape paying off debts incurred solely by their partner.

The Supreme People's Court released a judicial interpretation on the country's Marriage Law on Wednesday to clarify how a couple's debt should be divided when they split up.

It defines "joint debt" as that accrued to cover family expenses such as food, clothing and medical care.

However, husbands and wives can now argue they should be exempt from repaying loans or other debts they had no knowledge of during the marriage, according to the interpretation.

In addition, a loan taken out for nonfamily expenses will not automatically be taken as joint debt, but if a lender demands a couple should share responsibility they must prove the money was used for family expenses.

The interpretation advises lenders to get both husband and wife to sign loan agreements, which means the repayments will automatically be seen as joint debt.

An interpretation of the law in 2003 stipulated that couples should share all debts from their marriage, even after a divorce.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.