How Can It Affect the Outcome of Your Case? What Sanctions Can the Court Impose?
Disputes over how marital property will be allocated can often be contentious, occasionally leading one of the parties to wrongfully hide or attempt to hide assets. What are the potential consequences of hiding assets in a Texas divorce proceeding? Will it have a direct impact on the terms of the divorce settlement? Are there other potential sanctions that the court can impose?
Can You File a Divorce Petition in Texas When Your Spouse Lives in Another State?
A recent study found that a significant percentage of married people in the United States, some 40%, admit to financially deceiving their spouses during their marriage. It should come as no surprise, then, to learn that a spouse has attempted to conceal income, property or other financial assets in a divorce proceeding.
In Texas, the consequences can be severe:
- Depending on the nature of the offense, the person engaging in financial deception may potentially face criminal charges for fraud, contempt of court or perjury
- As a consequence of a criminal conviction, the guilty party may be ordered to make restitution
- In the divorce proceeding, the court may respond and penalize the offending party by granting a larger portion of the marital estate to the innocent spouse
- The court may also make decisions about custody and support that favor the innocent spouse
Contact Experienced Texas Family Law Attorney Chrysandra S. Bowen for Help in Any Matter Related to Divorce or Family Law
At DTX Family Law, our primary focus is always on your needs and best interests. We have a comprehensive understanding of the laws and procedures related to divorce in Texas, including how to protect your rights when your ex-spouse attempts to hide assets in a divorce. Chrysandra is board-certified by the Texas Board of Legal Specialization, an honor earned by less than one of every ten family law attorneys in the state. To schedule an appointment with a proven and effective Texas family lawyer, visit our website or call our offices at 940-566-0606.
Handling Divorce and Family Law Matters throughout Denton and the surrounding communities, including Denton, Collin, Wise, Tarrant and Cooke counties, and the cities of New Hope, Lowry Crossing, Fairview, Farmersville, Gainesville, Lindsay, Rosston, Oak Ridge, Callisburg, Muenster, Valley View, Myra, Woodbine, Marysville, Bulcher, Decatur Bridgeport, Rhome, Boyd, Chico, Paradise, Aurora, Alvord, New Fairview, Lake Bridgeport, Arlington, and North Richland Hills