Professional Family Law Services For Georgia Families
678-987-8447
In this Section

How do courts divide debt in divorce?

Two spouses going through divorce need to figure out how to divide everything. They need to determine who gets the house, any cars they share and other important assets. However, they also need to divide what they do not have, namely debt. 

Everything from credit card debt to student loan debt will come up in a divorce. Regardless of whether financial issues contributed to the divorce, both spouses will need to bring their respective debts to the table for the court to divide. It is possible for one spouse to have to continue paying off another spouse's debts even after finalizing the divorce. Here is what you can anticipate when you divorce with debt. 

Marital or separate debt

When dividing assets, the court separates them into two categories: marital and separate. Items accrued during the marriage are marital property, which means they are subject to division. If you purchased a car or another item prior to the marriage with 100% your own funds, then it is separate property and not subject to division. The same rule applies to debt. If your spouse accrued debt during the marriage, then you both will be responsible for paying it off after the divorce. However, if your spouse has student loan debt from before the marriage, then it will be separate. 

Outside influences

The court will consider various factors when determining an equitable division of debt. For example, your spouse may have accumulated debt behind your back without your knowledge. Additionally, the court will look at your earning potential and any medical conditions that could hamper your ability to earn more money in the future. Your spouse may have went back to school during the marriage to increase earning potential and now is in a better position to pay off said student loan debt. Numerous factors can come into play, and it is vital to mount a defense if you believe you should not pay off a certain debt. 

No Comments

Leave a comment
Comment Information
  • Family Law attorney in GeorgiaOrdway again selected by Atlanta Magazine as a top Family Law attorney in Georgia.
  • Ask Super Laywers
  • AVVOOrdway receives AVVO's highest attorney rating of "Superb."
  • AV Preeminent
  • Recognized As Legal Elite
Email Us For a Response

Seek Trusted Advice

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Ordway Law Group, LLC Two Ravinia Drive Suite 1705 Atlanta, GA 30346 Toll Free: 800-509-2718 Phone: 678-987-8447 Fax: 678-579-0989 Atlanta Law Office Map