(a) The separate debt of a spouse shall be satisfied first from the debtor spouse’s separate property, excluding that spouse’s interest in property in which each of the spouses owns an undivided equal interest as a joint tenant or tenant in common. Should such property be insufficient, then the debt shall be satisfied from the debtor spouse’s one-half (1/2) interest in the community property or in which each spouse owns an undivided equal interest as a joint tenant or tenant in common, excluding the residence of the spouses. Should such property be insufficient, then the debt shall be satisfied from the debtor spouse’s interest in the residence of the spouses. Neither spouse’s interest in community property or separate property shall be liable for the separate debt of the other spouse.

(b) This Section shall apply only while both spouses are living, and shall not apply to the satisfaction of debts after the death of one or both spouses.

SOURCE: CC § 157 enacted by P.L. 15-113:2.