Divorce Dex.com: Good Faith

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Definition Good Faith - honesty of intention; absence of intent to defraud.

Application in Divorce The term good faith is an expression without technical meaning or statutory definition.

In divorce actions, it could be used to mean honesty in fact in making a complete disclosure of financial facts.

In Chapter 13 bankruptcy actions good faith means honest of purpose and a complete disclosure of the debtor’s financial facts.

In a general way, good faith means doing what is right and appropriate without being told. Good faith is also implied by not taking an unfair advantage of another party.

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Starting Your Divorce on Right Foot
Many divorcing couples get off to a bad start by not acting in good faith in dealings with their former spouses. Most people can tell when someone is acting in good faith or bad faith.

Contributed on 7/5/2007 by: DivorceDex.com Staff
Category: Divorce Procedure (Applicable in All States)

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