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Debt and Divorce


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until debt tear us apart

When thinking about divorce couples start thinking about who will get the house. Who will get the children? Am I entitled to alimony? But there is one part that might need some attention- allocation and division of debt also known as Marital Debt. This is debt incurred by either spouse going back to the start of their marriage to the time of filing for divorce. There are some exceptions to this that you can discuss with a licensed NJ Divorce attorney.

Now you are wondering if you are responsible for your spouse’s debt, generally, the debt is split equally between both parties. Your attorney can assist you in determining if they can argue who benefitted from the debt and hope to help alleviate your debt burden but every case is different and the attorneys at Eveland Foster Family Law can assist you with this.

Contact Eveland & Foster, LLC for Help

If you are contemplating divorce contact our attorneys at Eveland & Foster, LLC for assistance. We practice exclusively in family law and understand how to navigate the allocation and division of debt process. We can provide guidance on how to recover fiscally after divorce. Our NJ Family Law Firm is located in Morristown, New Jersey. Call to schedule a consultation today.

Disclaimer: This website and information presented are for the purposes of legal marketing and general education. No part of this site should be construed as legal advice. Please consult with an attorney regarding your specific situation. Please do not submit any confidential personal information through this website either by email contact form or chat. No aspect of this advertisement has been approved by the Supreme Court of New Jersey. We welcome your inquiries and offer consultations, however neither contacting our firm nor receiving a consultation establishes an attorney-client relationship.

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