Roswell, Georgia Divorce: Who Gets the Debt?

Posted by William H. Sherman on Mar 30, 2014 | 0 Comments

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.

About Us

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.

About the Author

William H. Sherman

With a professional background that includes serving as a Senior Assistant County Attorney and as an Assistant Attorney General, attorney William H. Sherman has great experience, a broad range of legal knowledge and a proven record of success.  Each of Mr. Sherman's clients gets the full benefit of his experience.  Because attorney Sherman has worked for governmental organizations, large corporations and clerked for a judge, he has handled a wide variety of cases from negotiation and trial to successful appeal. Mr. Sherman is very proud of his reputation as a problem-solver who is always available to his clients.  Active in the community, Mr. Sherman and his wife, attorney Valerie Sherman, support many community organizations, sports teams and charities.  Call him now and let his experience work for you.

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

What our clients say...

“I just wanted to write to say that I feel so lucky to have chosen the Sherman Law Group as my attorneys. I was going through such a very difficult legal situation. It was emotionally charged and draining. But Valerie Sherman and Bill Sherman were so supportive, hardworking and helpful. I loved that the firm was always updating me and letting me know what was going on in my case. You always returned my calls and emails. Thank you all for making it work out great for me.”

What our clients say...

“I wanted to thank you for giving me back my life after many awful months. My family and I want to thank you very much for representing my case. We are so grateful to have such wonderful attorneys like you. I know I can rely on you. We will always recommend you to those who are in need of the services of a law firm. We were so happy and excited this morning as we heard the announcement by the Judge. You are such wonderful people at The Sherman Law Group.”