San Jose Divorce and Debt Division Lawyer
Attorney for Dividing Debt in Divorce in Campbell, Los Gatos, and Santa Clara County
Debt — like real estate, bank accounts, and other assets — must also be divided in divorce. In many cases, a couple can use the equity in their house to cancel out marital debts during a divorce or legal separation. However, if the couple is facing foreclosure, or if they owe more on the mortgage than the house is worth, they will need to factor this into their debt and property settlement agreement.
At the Dominion Law Group, LLP, we help separating couples understand their financial situation and the consequences of their decisions regarding the marital home and other marital debts, such as credit card debt. The goal of our San Jose divorce and debt division lawyers is to find and develop solutions that put our clients in the best possible financial situation in the years following their divorce.
Understanding the Consequences of Your Decision
Any time debt or assets are divided, there are going to be consequences. It is important to discuss these consequences with an experienced San Jose divorce and debt division lawyer in order to avoid unwanted surprises. For example, a bank may come after you for deficiency judgment if you simply walk away from your home and other bank loans.
The San Jose divorce and debt division lawyers of the Dominion Law Group, LLP will guide you through the process. We will make sure you are fully informed of your options and their possible effects so you can make an informed decision.
Resolving Debt Division Issues Quickly
We understand that divorce is difficult, especially when dealing with complex situations such as debt division. We help clients understand and accept their situation. When they are ready to move forward, we do so as efficiently as possible.
Contact a San Jose Divorce Debt Division Attorney
For a consultation with a San Jose divorce and debt division lawyer at the Dominion Law Group, LLP, call 408-288-5592 or contact us online. We serve clients through Silicon Valley, Santa Clara County, and the San Francisco Bay Area.