Dividing Debts In Divorce

Equitable division of property and debts is one of the most complex and contentious aspects of the divorce process. In-depth, detail-oriented fact-finding clashes with emotional disputes. Our clients are already facing an uncertain future without having to worry about making ends meet.

If significant debts existed in your marriage, the attorneys at Helton, Cody & Associates, PLLC, will protect your rights in complex asset and debt division.

Navigating You Through The Complexities Of Marital Debt Division

Debts or liabilities acquired during the marriage are considered property and the responsibility of both spouses. Here are just a few debts considered marital property in North Carolina and subject to equitable distribution:

  • Mortgages
  • Credit cards
  • Student loans
  • Marital business debts

Documentation must exist of marital debts. A copy of each spouse's credit history, joint credit card transactions and banking statements can provide important data.

Closing joint accounts is a proactive step in the overall divorce process. However, you will still be responsible for the debts that you incurred. Dividing those responsibilities in a divorce settlement can be difficult when you and your spouse are already going through an emotional process. In those talks, we will remain at your side, protecting your rights and fighting for the best outcome.

Contact Us Regarding Division Of Debts In Divorce

For an initial consultation with one of our lawyers, call our Hickory office at 828-848-8776 (toll free at 888-321-0494) or fill out our online intake form. We charge $200 for a one-hour consultation.