Manhattan Beach Division of Debts Lawyer
It is widely known that during a divorce, the couple must divide up all marital property they acquired during the course of their marriage. This can include furniture, vehicles, homes, and any other type of property. However, along with dividing assets, the couple must also divide up any shared debts they currently have together. Under California state law, debts are divided equally between both spouses according to financial worth.
If you are currently going through a divorce, you need someone on your side to protect your interests every step of the way. To speak with a qualified attorney about your options, contact the Manhattan Beach division of debts lawyers of the Law Office of Baden V. Mansfield today at 310-546-5858 and schedule a confidential consultation.
Important Facts About Dividing Debts
In California, the same standards that apply to the division of assets also apply to the division of debts. Debt that is subject to equal division in a divorce case is any debt the couple acquired together during the marriage. Even if the debt is from a purchase made for the benefit of only one spouse, such as jewelry for her or tools for him, it must still be divided equally.
Additionally, it is important to note that in some cases, there are some debts acquired after the marriage that may still be subject to division.
Do not hesitate to seek legal advice and assistance during your divorce. Contact the knowledgeable Manhattan Beach division of debts attorneys of the Law Office of Baden V. Mansfield today at 310-546-5858 and schedule a consultation to discuss your options.