A loan is a bilateral agreement concluded between the bank and the borrower. Both parties concluding a credit agreement undertake to fulfill their obligations arising therefrom. Namely, the bank agrees to give the borrower a certain amount of cash for the purpose specified in the loan agreement.
On the other hand, the borrower agrees to allocate the money transferred to him for the purpose resulting from the contract and pay back the loan installments together with interest due at specified times.
We have heard the concept of intercourse more than once. We also know exactly what it is. However, in Poland this institution is still very little popular. We hear about the intercourse primarily in the media, when marriages are concluded by wealthy and very wealthy people. Millions of property, which are the property of a future spouse, passing from generation to generation, so that they are not divided and do not fall into unauthorized hands, must be secured.
For this purpose, the spouses sign an inter-office, which clearly defines the division of property in the event of divorce. In other words, in this way, property separation remains.
It is worth knowing that not only our property is divided in the event of divorce. All debts and debts also apply to both spouses, unless the concluded intercourse provides otherwise.
Loan and property separation
Both the assets and debts we have before marriage are only ours. So, if we took out a loan before taking the wedding, the possible consequences of untimely payment of installments will concern us only. Concluding a marriage is associated with the creation of a property community. From the day of the wedding, any assets obtained, as well as debts, apply equally to both spouses. Everything that we will earn during the marriage is due equally to the spouses.
We will also not be able to take out a loan at the bank. The property community assumes that the other spouse must agree to a loan at the bank. This is obvious because the obligation is charged to both husband and wife. Thanks to the intercourse, however, we can independently set the rules for disposing of our property.
Deciding on the separation of property, even after marriage, we can have separate assets and decide for them. When we have property separation, we can also make our own commitments in the form of a loan, because it will only be charged to us.
Regardless of the amount of our income and assets, when we value independence, before entering into a marriage, we should become familiar with this concept.