Managing Debt with the Help of a Family Attorney in Duval, FL

by | May 2, 2018 | Lawyers

You are considering a divorce, or you could be in the middle of one. You want to move on and begin rebuilding your life. A key component hurting many people in this situation is debt. You have debt from within your marriage and perhaps outside of it. Like every asset within your marriage, you will have to determine the best way to split the obligation to ensure it is done fairly. But, who should pay for the debt? To minimize risks to yourself, it may be wise to turn to a professional family attorney in Duval, FL for more insight and information.

How Debt Is Split

There are a few key things to keep in mind when learning about the options for splitting debt during a divorce. With the help of your family attorney in Duval, FL, you can gain more insight into your specific situation. However, the courts view debt like any other component of the marriage. Who created it? When was it created? Who benefited from it? Who should have to repay it?

The court will need to answer these questions when deciding how to finalize debt. For example, in some situations, it may be necessary to divide debt in half. However, if there are student loans, they may only be the responsibility of one person. On the other hand, any debt created during the marriage may need to be split evenly.

There are many variables here. The key to remember is having an attorney by your side ensures your rights are always protected. Meet with a family attorney in Duval, FL to discuss your needs and your concerns. Learn more about what you can expect during this process regarding debt. Do not assume a simple solution exists.

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