Debt Division in a Divorce
Credit Card Debt, Mortgage and School Loans After Divorce
In the current economic climate, more couples are divorcing with significant debts rather than significant assets. In many cases, the combination of assets, investments and debts can make the division of property in divorce even more complex. At The Law Office of J. Kevin Clark P.C. in Fort Worth, Texas, our attorneys will review your personal financial circumstances and advise you on the best way to protect your interests through the debt division process.
Home Mortgage Debt and Divorce
The most significant debt for a divorcing couple is often a mortgage. The housing market is in flux, it is not uncommon for a mortgage to be more than the equity in a home. Our attorneys will review your situation, identify your interests and work toward an optimal outcome. We will help protect your rights, whether you want to stay in your family home, refinance, or divide the equity and debt with your spouse.
Our Fort Worth debt division attorneys are experienced with cases involving:
- Credit card debt
- Family businesses
- Student loans
Equitable Division of Debt
In dividing debt upon divorce, the court will look toward an equitable distribution of the debt. Considering what is fair, practical and possible, how property and debt is divided may not be exactly “equal” in monetary value. Our lawyers will work toward negotiation and settlement with debt companies where necessary. We can perform an investigation to ensure full disclosure. We can also work aggressively on your behalf to minimize your debt before, during and after a divorce. Your spouse’s debts can stick with you, so you want to resolve any disputes before your divorce is finalized.
For an initial consultation directly with our Tarrant County divorce and credit card debt attorney, please call 817-348-6723 or contact us by e-mail. We invite you to take action as soon as possible to protect your rights involving family law or civil dispute.