615-896-4154 800-673-1947

Are you prepared to divide debt in your divorce?

As someone going through a divorce, you'll want to learn more about property division. Questions regarding your family home, vehicles, personal property and financial assets are sure to move to the forefront.

While you're doing your best to secure as many assets as possible, don't lose sight of the fact that you must also prepare to divide debt in your divorce.

There are many types of debt that may require your attention, including but not limited to:

  • Mortgage
  • Car loan
  • Personal loan
  • Credit cards

Just as with your assets, you'll need to work with your spouse to decide on the best way to divide your debt. This can be a sticking point during mediation, but it's something that requires your attention, so you might as well prepare for it.

If your case moves to litigation, the court will attempt to divide your debt in a way that's both equitable and fair. However, this doesn't necessarily mean the debt will be split down the middle.

One thing you need to remember is that you never want to take on more debt while you're going through a divorce. For example, don't assume it's okay to run up a large credit card bill with the idea that you'll only be responsible for half of it.

Going into the divorce process you should prepare yourself for the division of debt. This is every bit as important as property division, as it will also have an impact on your finances.

Having a clear idea of your debt load and legal rights will go a long way in helping you make informed decisions.

Source: National Debt Relief, "What You Need To Know About Debt In Divorce," Adam Tijerina, accessed June 11, 2018

No Comments

Leave a comment
Comment Information
  • Rated BestLawyers Of America Since 2007
  • Criminal Trial Lawyers Association | CTLA
  • National Association Of Criminal Defense Lawyers | NACDL
  • National Academy Of Family Law attorneys | NAFLA
  • The National Trial Lawyers | Top 100
  • Tennessee Bar Association | TBA
  • Super Lawyers | 2018
Email Us For A Response

How can we help you

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Murfreesboro Office
302 North Spring Street
Murfreesboro, TN 37130

Toll Free: 800-673-1947
Toll Free: 800-673-1947
Phone: 615-896-4154
Fax: 615-896-4152
Murfreesboro Law Office Map

Murfreesboro Office
Mailing Address
PO Box 398
Murfreesboro, TN 37133

Toll Free: 800-673-1947
Map & Directions

Located close to the county courthouse.