Question: I live in Roswell, GA. My wife filed divorce papers and I was just served with the divorce documents. We have been married about 15 years. I work in Roswell. She stopped working after our first child was born which was about 12 years ago. My wife loves to spend money. It could be at stores on Canton Street or some boutiques on Alpharetta Highway. And she always wanted to go out for dinner to places like Table & Main, Brookwood Grill, Little Alley, Greenwood's, Salt Factory, Adele's, Peachtree Diner and Stoney River.
What happens to our debt when we get divorced? Do I get it all or does she take some debt too? I really don't want to take on all the debt myself.
Answer: In a divorce, debt is apportioned between the two parties. You need a divorce lawyer who knows how to negotiate the best partition of debt. Debt can be used as a negotiating tool for various other priorities. We have, for example, seen debt utilized by a party to achieve better terms for the sale of the marital residence and using some of the debt to help off-set child support payments.
A divorce attorney can advise you of the best way to proceed after carefully reviewing your situation and discussing with you what your priorities are.
We are aggressive, knowledgeable and experienced divorce and family law attorneys. Our experience includes serving as a magistrate judge, an assistant county attorney and an assistant attorney general. This experience tremendously benefits our clients. At the Sherman Law Group we try to answer as many questions as possible on our blog. If you have a question, email it to us and we'll do our best to answer it. No names will be used. Speak to an experienced Roswell divorce and family lawyer at the Sherman Law Group at 678-215-4106 so we can evaluate your case.