Houston Debt Division Attorney
Harris County Separation of Marital Assets Lawyer
Throughout the course of a divorce, many issues are addressed. While individuals are often familiar with the concept of property division, they do not often realize that marital debts are also divided in a divorce. This can be an emotionally-charged issue, as discussions are had regarding who is responsible for the debt.
If you are dealing with the separation of assets, divorce and debt, turn to us at the Law Office of Marlene Dancer Adams. We are committed to helping our clients understand their rights and the laws in Texas that govern the division of debt in a divorce. Attorney Marlene Dancer Adams has more than 30 years of experience handling all types of divorce issues, including the division of debt and assets. She can evaluate your case and determine the possibilities for any outcomes based upon your needs and goals.
Do you have questions about property division? Contact us online or by phone at 713-529-2501 or toll free 888-820-0846 to speak with an experienced divorce lawyer.
Talking about property division and debt division can become very heated discussions. We work with clients to see that issues can be resolved as efficiently and amicably as possible. When things cannot be settled, we can aggressively litigate the matter in court to see that the debts that you incur as the result of the divorce are fair.
Hold Harmless Agreements
When determining how the marital debt is going to be divided, couples often draw up an agreement called a "hold harmless agreement." This document details which spouse is going to be responsible for which debts and the other spouse is "held harmless" on that particular debt. Though these agreements are effective, it is important to note that creditors do not have to abide by these agreements. If both parties were listed on the debt, and the debt goes past due by the person who was supposed to be making payments, creditors can go after either spouse. This is why it is essential that you discuss all financial issues during the divorce in an attempt to avoid this type of situation.
Contact a Houston Debt Division Lawyer Today
Let us help you understand debt division and how it may impact your divorce. Get in touch with our Houston, Texas, law office at 713-529-2501, toll free at 888-820-0846 or contact us online today. We can help with all aspects of your divorce