Division of Debts
When a married couple decides to get divorced, the two spouses will have to reach an agreement on terms of child custody, division of assets, and division of debts. Debts are a particularly important part of the divorce settlement, as they largely determine each spouse’s financial situation post-divorce.
Some debts are supposed to be exempt from debt division, so it is important to have an experienced attorney who can help ensure that you are not lumbered with debts that you should not be after your divorce. Contact the Fort Lauderdale divorce lawyers of Eric N. Klein & Associates, P.A. at 954-580-8080 for more information.
Which Debts Get Divided?
In most cases, debts that get divided are ones that were incurred during the marriage. These may include:
- Home mortgages
- Car payments
- Credit card debts
- Other loans
A notable exemption from this list is student loans. In most cases, student loans are the sole responsibility of the person who applies for the loan; that is, even if one spouse in a marriage borrows money for school, the other spouse will not be held accountable for it in the event of a divorce.
Additionally, debts incurred before marriage are usually exempt from division, meaning that spouses who have debts before getting married are solely responsible for those debts after divorce.
Contact Us
Debt division is often a point of contention among spouses, so it is important to have an experienced lawyer negotiate on your behalf. If you and your spouse are headed toward divorce, contact the Fort Lauderdale divorce attorneys of Eric N. Klein & Associates, P.A. at 954-580-8080 to discuss your situation with a legal professional.
Division of Debts
When a married couple decides to get divorced, the two spouses will have to reach an agreement on terms of child custody, division of assets, and division of debts. Debts are a particularly important part of the divorce settlement, as they largely determine each spouse’s financial situation post-divorce.
Some debts are supposed to be exempt from debt division, so it is important to have an experienced attorney who can help ensure that you are not lumbered with debts that you should not be after your divorce. Contact the Fort Lauderdale divorce lawyers of Eric N. Klein & Associates, P.A. at 954-580-8080 for more information.
Which Debts Get Divided?
In most cases, debts that get divided are ones that were incurred during the marriage. These may include:
Home mortgages
Car payments
Credit card debts
Other loans
A notable exemption from this list is student loans. In most cases, student loans are the sole responsibility of the person who applies for the loan; that is, even if one spouse in a marriage borrows money for school, the other spouse will not be held accountable for it in the event of a divorce.
Additionally, debts incurred before marriage are usually exempt from division, meaning that spouses who have debts before getting married are solely responsible for those debts after divorce.
Contact Us
Debt division is often a point of contention among spouses, so it is important to have an experienced lawyer negotiate on your behalf. If you and your spouse are headed toward divorce, contact the Fort Lauderdale divorce attorneys of Eric N. Klein & Associates, P.A. at 954-580-8080 to discuss your situation with a legal professional.
