Allocation of Debt Attorneys in Northern Virginia

Prince William County Secured Debt Divorce Attorneys

Just as both spouses in a divorce have certain rights, they both carry certain responsibilities. In the property division proceeding, it is more than just the marital assets that are distributed. Marital debts must also be addressed, even if that debt comes indirectly like in an estate. There are specific rules in place with regard to how debts are allocated. Be sure that you seek the counsel of a qualified attorney who can help you understand your rights.

The northern Virginia allocation of debt divorce attorneys at HALE BALL MURPHY, PLC dedicate all of their attention to helping clients across northern Virginia to resolve complex property division matters. We have successfully represented clients in a wide variety of these cases, and we have a well-earned reputation for resolving these types of issues to our clients’ benefit.

We have handled cases involving all types of debt, including secured debt such as home or auto loans, credit card debt and student loans. Our experience with these matters allows us to provide sound advice regarding the decision to pursue a specific asset or to let it go.

Fighting for Your Rights in Debt Allocation Matters

As with the marital assets, marital debts are required to be distributed in an equitable manner under Virginia law. As a general rule, if one spouse receives an asset in the property settlement, the debt associated with that asset goes with it. We will be there to advise you about your rights and options, as well as any advantages or drawbacks associated with owning a particular piece of property.

At every step in the process, we will examine which spouse incurred the debt and how the funds were used. We will build the best possible case on your behalf and work to secure a settlement that puts you and your children in the best possible position after the divorce has been finalized.