Would a Property Promissory Note Due to a Family Member of One Spouse Affect the Finances of a Divorce Settlement?

Generally, an unsecured promissory note (i.e. a promissory note not secured by a mortgage or a lien on the property) will not reduce a party’s obligation to pay support (or otherwise alter the marital property division) in a Divorce action.

However, issues in a Divorce action can be quite fact-specific and intensive, and these issues should be reviewed and addressed by a qualified family law attorney.

For advice specific to any personal legal questions, Standard Legal always recommends you consult a qualified, licensed attorney; you can find a local attorney for FREE at the Attorney Find page at StandardLegal.com.