Divorce Debt can include financial troubles encountered before or during the marriage and even while waiting for a divorce to be finalized. Couples facing foreclosure and/or bankruptcy during divorce need a lawyer who can help them understand what repercussions these actions hold for their futures. Our firm is ready to help you fight to protect your financial and credit future throughout the divorce process.
Commerce Divorce Attorney can help you manage Divorce Debt
A word about divorce debt: Generally, marital property is shared equally, and so is debt. Sometimes, to balance assets in a divorce settlement, the party who receives more property could also be responsible for more debt. If your spouse files for individual bankruptcy or you lose a house to foreclosure before the divorce is final, you may be held responsible for the debt. “How Do Family Courts Split Up Debt Upon Divorce?” explains what happens with debt before, during and after a divorce.
Foreclosure Bankruptcy and Divorce
There is no way to say this more clearly: It is critical for your divorce attorney to understand Michigan laws about responsibility for debt in a divorce settlement. If you are considering filing for divorce, talk to local Property Division Attorney Kathryn Wayne-Spindler before making a decision about foreclosure bankruptcy divorce.
A word about debt in divorce: “Generally, marital property is shared equally, and so is debt. If your spouse files for individual bankruptcy, or you lose a house to foreclosure before the divorce is final, you may be held responsible for the debt. We will give you clear advice about ways to protect yourself.”
The attorneys at Kathryn Wayne-Spindler & Associates are experienced explaining the ramifications of foreclosure bankruptcy divorce. If you are divorcing and facing divorce debt that could cause foreclosure or bankruptcy, ask our attorneys about responsibility for debt in a divorce settlement. If you are considering filing for divorce, talk to an attorney at Kathryn Wayne-Spindler & Associates before making a decision about foreclosure bankruptcy divorce.
Kathryn Wayne-Spindler & Associates have many satisfied clients throughout the five counties of Southeastern Michigan – Oakland, Washtenaw, Wayne, Genesee and Livingston. The Michigan Family Law Attorneys of Kathryn Wayne-Spindler & Associates have one simple objective: to handle our clients’ legal worries so they can concentrate on life and family. Contact Kathryn Wayne-Spindler & Associates today to learn more about our experience and success at 248-676-1000. We are conveniently located in Milford, Michigan. We help clients throughout Milford; Highland; Hartland; White Lake; Commerce; Waterford; West Bloomfield; Walled Lake; South Lyon; New Hudson; Wixom; Linden; Holly; Fenton; Grand Blanc; Flint and many more local communities.