Debt Division

When a married couple decides to divorce, the spouses in the relationship should keep in mind that aside from property division and child custody, they will have to work out a division of their marital debts. Usually, these debts are divided equally, but this is not always the case.

Dividing debts is a difficult task, so individuals should hire an experienced divorce lawyer to represent them. If you and your spouse are headed toward divorce, contact the Orlando divorce lawyers of the Schlegel Law Group at 407-648-0280 to learn more about the divorce process.

Which Debts are Divided

In most cases, married couples will only divide their marital debts when they get divorced. Marital debts are any expenses shared between spouses that were incurred during the marriage. Common marital debts include:

• Mortgage and other loans
• Credit card bills
• Any other joint expenses

These are debts that spouses usually share. It is important to note that debts each spouse incurred before the marriage usually will not be divided. These debts may include student loans, child support payments and alimony from previous marriages, or personal expenses.

Additionally, spouses who incur private debts, which are ones that are incurred without the other spouse’s knowledge, might not be divided, leaving them as the sole responsibility of the spouse who made the charges.

Contact Us

Having an experienced lawyer on your side may help you win a more favorable settlement. If you and your spouse are considering a divorce, contact the Orlando divorce attorneys of the Schlegel Law Group today at 407-648-0280.