Collin & Denton County Debt Division Attorneys

Gain Counsel from Board Certified Family Lawyers

Property division is one of the most complex areas of divorce and family law, and it becomes even more complicated when debts are involved. Who is required to pay for which debts? How does that affect the property division process? These are questions that we can help you address. Our team of divorce attorneys at CokerLegal have more than 70 years of combined experience that we can put to work for you.

Protect Your Financial Interests

Crafting a well-structured debt division arrangement is essential, as it can have a significant effect on your ability to maintain financial stability. The process of debt division is often subject to a variety of mistakes that can be costly and result in one or both parties being trapped into financial ruin. Therefore, it is crucial to have an attorney with the expertise and meticulousness to thoroughly analyze and organize your debts and assets.

Things to keep in mind throughout the debt division property include:

  • While debt division orders assign debt to one party or the other, they do not have any effect on creditor collections, meaning you may still be harassed for debts that your ex-spouse is responsible for
  • Debt arrangements should ideally be crafted according to the ownership of the asset associated with the debt and when it was accrued
  • Each spouse should be assigned an amount of debt enough that his or her total value of property and debts remains fair and just

Call (888) 570-7899 For the Expertise You Need

Divorce is a highly-emotional and stressful process, which makes handling such complicated financial matters even more difficult. When you have CokerLegal on your side, you can trust that your interests will be protected and your needs met. We can be your advocate every step of the way.

Contact us today to begin discussing your legal needs.

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