He Owes, She Owes
“What is mine is yours” pertains to marital debt as well as assets. When your marriage flounders and ends in divorce, those debts have to be paid. Georgia is an equitable division state. Division of marital debt will be based on income and ability to pay rather than a 50-50 split. An Fulton County divorce attorney from Salata Law, in Alpharetta, can advise you.
Paying Off the Credit Cards
Credit card debt is an insidious creature that can turn around and bite you when you least expect it, especially after divorce. As divorce lawyers, we urge our clients to pay off as much debt as possible. If you do not pay off your debts and you have a vengeful spouse, he or she could default on payments and you would be on the hook for paying the debt. Even if your spouse is held in contempt of court, you will still be responsible. Close your joint credit card accounts, open new ones under your own names, and each take a portion of the debt. If you cannot agree on an amount, a judge will decide for you.
Solid Divorce Advice
At Salata Law, we have seen nearly all the tricks that spouses in high-asset divorces use. When you come to us, you will receive down-to-earth legal advice. We deal with complicated issues, but we are solution-driven. We figure out the problem and determine the solution. We do not drag out the drama.