Our division of debts attorneys in Boca Raton, Fort Lauderdale, Palm Beach, and surrounding communities have years of experience fighting for the rights of individuals going through a divorce and helping them understand their rights. Throughout a marriage, a couple may invest in expensive property or possessions. Spouses may also take out loans for certain purchases or acquire credit card debt over time. If the couple decides to divorce, these outstanding payment plans may be a subject of controversy when attempting to divide the responsibility of the debts. If you or someone you love is preparing for a divorce or has questions regarding the division of debts process, consulting with a legal professional may be helpful.
Any debts that were acquired by an individual prior to marriage generally will not be considered during the division of debts. The only types of debt that will be considered during a divorce proceeding are those that the couple invested in together.
The most common joint debts include:
Anything the couple has chosen to purchase together that has resulted in a remaining debt or continued payments will be considered during the division of debts. This can be a complex process, making it important to have a knowledgeable legal professional on your side as you seek to protect your financial stability. If you or someone you love is considering divorce, the attorneys of Klein Law Group are prepared to offer their legal experience and knowledge.
Contact our offices today at 561-353-2800 to speak to a qualified lawyer about your case. Trust that we offer legal advice with your best interests in mind.