Resuming Is Your Ex Hiding Assets in Divorce? 6 Signs to Know (Pt. 1), here, we will reveal some more red flags that a soon-to-be partner may be trying to keep certain assets hidden in your divorce case.

More Indications an Ex May Be Hiding Assets in Divorce

Sign 3 – Your ex’s income suddenly drops without a valid explanation.

Has your ex suddenly experienced a drop in income while seriously running up your marital debt? If so, it could be a sign of hiding assets in divorce.

Has your ex suddenly experienced a drop in income while seriously running up your marital debt? If so, it could be a sign of hiding assets in divorce.

One tactic that may be used by divorcing parties who are hiding assets in divorce can be to suddenly experience a sharp decline in income. For instance, an ex may try to allege that (s)he was demoted at work, his or her commissions have been cut, his or her business is suffering, etc. What can really be happening in such cases is that the ex is funneling the “missing” part of his or her income into a separate account that you don’t know about.

So, if your ex’s income takes a sudden hit before or during your divorce, it may be time to do some more investigating into what is really going on and whether your ex may be hiding assets in divorce.

Sign 4 – A joint line of credit is suddenly run up.

Another indication that an ex may be hiding assets in divorce is experiencing a sudden spike in the amount of credit used on a joint line of credit. For instance, an ex may suddenly run up one or more joint credit cards and/or the line of credit against a marital home. By quickly running up the marital debt, the intention can be to try to:

  • Deprive the other partner of access to funds
  • Distract the other partner from realizing that certain assets have gone missing
  • Pin a substantial portion of the marital debt on the other partner (this can be an intention in particularly bitter divorce cases).

Here, we also want to point out that:

  • While you may not be able to prevent your ex from hiding assets in divorce, you can prevent him or her from being able to seriously run up your joint credit lines.
  • To do this, it will be crucial to close joint lines of credit when you are preparing for divorce.
  • When it can be established that an ex has run up joint lines of credit as part of his or her efforts towards hiding assets in divorce, it may be possible to argue that the court should require your ex to repay that portion of the marital debt.

To find out a few more common red flags of hiding assets in divorce, be sure to check out the upcoming conclusion to this blog series.

Centennial Divorce Lawyer at the Law Office of Bruce H. Rabun, LLC

When you are ready to file for divorce, you can trust Centennial Divorce Attorney Bruce H. Rabun to provide you with caring, aggressive representation and the highest quality legal services. For more than 30 years, Bruce H. Rabun has been dedicated to providing each of his clients with personal representation so that he can effectively guide them through life’s changes.

To find out more about how Centennial Divorce Attorney Bruce H. Rabun can help you, set up an initial consultation with him today. You can schedule this meeting by calling (303) 221-7899 or by emailing our firm using the contact form on this page. From our office in Centennial, we represent people throughout the Denver metro areas, Arapahoe County, Douglas County and Jefferson County.

Categories: Blog, Divorce, Family Law