Covid-19 Update:

The Law Office of Andrew A. Bestafka, Esq. is taking a safe but proactive approach to the Coronavirus situation in our law practice. We are working every day to represent our clients. We are offering frontline healthcare workers at CentraState free Simple Wills. To read more please Click Here

The days ahead may be a challenge. But we will continue to work to take care of our client’s cases and to take on new matters and clients. We will simply manage your case in less traditional, more technology-driven ways, that are safer for your health and ours.

Please stay healthy and contact us if you have any questions or concerns regarding your case or a new matter for us to consider.

Debts Divided During a Divorce

Just as divorcing couples will need to come to an agreement on the division of their assets, they also must come to an agreement to divide their debt. Deciding exactly how to divide debt is likely to be a contentious issue, as it will impact each individual’s future financial health. Because of this, an experienced divorce lawyer can be critical to ensuring that debt is divided fairly between the divorcing couple. The lawyers at Law Office of Andrew A. Bestafka, Esq. can provide individuals with the knowledgeable, discrete legal advice they need to feel confident that they are treated fairly through every aspect of a divorce.

Dividing Debt

Usually, most of the debt a couple accrued together will be divided evenly between the couple. However, under certain circumstances, the following debts may not be evenly divided:

  • Debts that were accrued independently
  • Debts with previously agreed upon division

Additionally, when there is a substantial disparity between the incomes of a divorcing couple, the debt will often be divided according to disposable income. The experienced lawyers at Law Office of Andrew A. Bestafka, Esq. can offer individuals comprehensive legal advice that can help ensure debts are fairly divided.

Contact a Monmouth County Divorce Lawyer Today

At Law Office of Andrew A. Bestafka, Esq., our legal team understands the complicated and sensitive nature of divorce. Although division of debt can be particularly difficult, we can provide individuals with discrete legal advice crucial to securing their financial future. If you need assistance in Monmouth County or surrounding areas, call one of our lawyers today at (732) 898-2378.

Related Posts: