Assisting Little Rock Divorcing Couples With Debt Division

While divorcing without debts is ideal in any divorce process, many soon-to-be ex-husbands and ex-wives have debts or loans that must be divided equally. Debt may not be an issue during the marriage, but can lead to disputes when a couple decides to split.

Understanding How Debt Is Divided In An Arkansas Divorce

Dividing marital debts involves a process similar to the division of marital property. Just as assets are acquired, mortgages, car loans and credit card balances are accrued over the course of a marriage. In most cases, each spouse ends up being responsible for an equitable share of the financial burdens.

The process of debt division is complex when combined with asset division. One can be used to balance the other with one spouse receiving more property in exchange for taking on more of the marital debts.

Experienced Family Law Attorney To Help With Division Of Debt In Your Divorce

At the Law Office of Vickie Lynn Cochran, we have handled family law matters involving debt division for individuals throughout Little Rock and Arkansas for many years.

As your lawyer, we will navigate you through a sometimes contentious process, helping you make informed decisions about your situation and the law that allows you to move on to a new chapter of your life.

Mediation To Resolve Your Debt Disputes

We can assist couples with resolving debt-related disagreements through mediation, helping both parties find a middle ground in an open and cooperative process. Divorcing spouses can reach an agreement instead of putting the matter in the hands of a judge. However, if negotiations fail, we are skilled trial lawyers prepared to litigate disputes.

Contact Us To Discuss Your Concerns Regarding Debt Division In Your Divorce

Call our office at 501-313-1813 or email me to schedule a free initial consultation. We will sit down and talk with you to identify the specific issues surrounding your debt division and educate you on the legal process. We can answer questions, making sure you gain a full understanding of the divorce process.

Evening and weekend appointments available. Credit cards accepted.