How can a divorce lawyer help with the division of debt?
Just as a divorcing couple will need to come to an agreement as to how their assets will be divided, they must also come to an agreement as to how their debt will be divided. While this process can be highly contentious, as it will likely have substantial impact on each partner’s future finances, an experienced divorce lawyer can help you protect your own interests and help you see that the division of debt is carried out on fair terms. As such, debt may not necessarily divided equally; if one partner earns substantially more income than the other, the higher earner may be made to assume a higher percentage of the debt.
The dedicated property division lawyers at the Law Office of Andrew A. Bestafka, Esq., may advise you as to the best course of action concerning the division of debt during your divorce and are prepared to help you protect your future.