Division of Marital Debt

When contemplating divorce people often consider only the emotionally and financially beneficial aspects such as that it may be best for the children and what portion of the couples’ marital assets, or wealth, they will receive.  What is often overlooked is that the couples’ marital debt is also divided in a divorce proceeding as well as the fact that you will now be operating two households instead of one with the same amount of income.  In difficult economic or financial times, such as we are facing now, this is especially true. If you are contemplating divorce or have been served divorce papers you should speak with a Delaware Divorce Lawyer immediately.

Division of Debt And  Divorce Attorneys in Delaware

If you are in a same sex union, male-female marriage or domestic partnership in Delaware and have concerns regarding division of debt please contact Delaware Family Law Lawyer Michael S. Corrigan. His Wilmington, Delaware law office can be reached at 302-455-1212. You can also click here to email a Delaware Division Of Marital Debt Lawyer. Mr. Corrigan serves those with family law needs throughout all of New Castle County, Delaware, Kent County, Delaware and Sussex County, Delaware.

Marriage Separation and Dividing Up Debts

Pensions, 401(k)’s, IRA’s, stock, cash, equity in your home, automobiles, and personal property is all divided in a Delaware divorce along with your marital debt.  Even if you enjoyed financial stability as a married couple that may not always translate into financial stability after the divorce. Legal factors such as child support, spousal support and/or alimony could affect your financial stability.  As can economic factors such as a  job loss or a reduction in work hours available to you.

Divorces, by their very nature, tend to be messy and uncomfortable.  Do not lose sight of the fact that you have rights that need to be protected. Just because a debt may be in your sole name (rather than joint with your spouse) does not mean that your spouse is not obligated to pay a share of it.  Retaining Delaware Family Lawyer Michael S. Corrigan will ensure that your rights are protected throughout the entire divorce process. This will offer you peace of mind so that you can focus on moving on emotionally.

Contact A New Castle County Delaware Marriage Debt Lawyer

Contact Middletown Delaware Debt Division Lawyer Michael S. Corrigan to discuss your rights, interests and how to protect them. He can be reached at 302-455-1212. Call today to arrange a consultation.

Mr. Corrigan serves all of New Castle County, Delaware, Kent County, Delaware and Sussex County, Delaware including: Wilmington, Newark, New Castle, Bear, Glasgow, Pike Creek, Hockessin, MIddletown, Smyrna, Dover, Milford, Harrington, Millsboro, Georgetown, Rehoboth Beach, Lewes, Bethany Beach and Fenwick Island, Delaware.