When dividing a marital estate, it is important to value all of the assets accumulated during the marriage.
It is equally important to value all of the debts, which may include mortgages, car loans and school loans.
Credit cards comprise the most common debt in most divorce cases.
For many people, separating the credit-card debt is key to reaching a resolution on economic claims. If possible, they may attempt to pay off all credit-card debt as part of the divorce settlement in order to get a fresh start in their new lives.
Spivak Law Firm provides smart, compassionate, cost-effective representation in all family-law matters, including: divorce, child custody, child support, spousal support, alimony and Protection From Abuse (PFA).
For more information, call Spivak Law Firm at (412) 344-4900 or toll free at (800) 545-9390.