Personal Debt VS. Marital Debt

An Experienced Divorce Attorney Can Help You With Your Personal Debt vs. Marital Debt

When you get a divorce you have to split and divide many things including debt. Some people have a hard time understanding the difference between personal debt and marital debt. It’s always a good idea to hire an attorney to help you sort out your debt and ensure you are not being take advantage of by your spouse’s attorney.

Marital Debt

Marital debts is debt that was accrued during the marriage. It may be a home loan, vehicle loan, credit card, medical bills or an other type of debt. Marital debt is divided just like marital property and each spouse should get an even amount of the debt owed that they will have to pay off.

Personal Debt

Personal debt is debt that an individual spouse accrued alone. Most personal debt is accrued before the marriage. Just like personal property, personal debt goes to the spouse who had it before the marriage. Each spouse will be responsible for handling after the divorce.

Get Help From An Experienced Divorce Attorney Today

If you are going through a divorce you may have a lot on your mind. There are many things that need to be covered in a divorce and debt is just one of them. If you need help determining what is marital debt and what is personal debt, talk to attorney Claudia Zucker today. Call (703) 596-1005.