Long Island Debt Division Attorney
How Are Debts Divided in Divorce?
Equitable distribution in a divorce proceeding is not limited to money and property alone. Debts acquired during marriage are also divisible under New York marital law. In order to determine which party receives what debt, it must be determined who acquired the debt or who is receiving the property for which the debt is owed. For example, if an automobile is awarded to one party in a divorce, it is likely that they will be responsible for any debt still owed on the vehicle, as well. As for credit card debt and other debts accumulated by both parties, if it cannot be determined that one party accumulated the debt wastefully, it will likely be distributed equally.
Debt division is one of the most sensitive and difficult areas of the property division process. No one should ever end up paying for a debt they do not owe, which is why you should contact a Long Island divorce lawyer from Samuelson Hause PLLC right away. Our legal team has extensive experience in all areas of family law, including debt division, and can skillfully argue for a fair distribution of your marital debts.
Consult a Divorce Lawyer
If you are looking to obtain a divorce in the Long Island area, you deserve the highest quality representation available. Our firm was founded by Elliot D. Samuelson, one of the best and most respected marital lawyers in New York, and has continued with his legacy for many years. Our firm is dedicated to professional excellence and was named a Tier 1 Family Law Firm by U.S. News and World Report. We were also included in The Best Lawyers in America® . Contact our firm today to set up an appointment for a case evaluation. You will be able to speak with an attorney who can help you with fair debt division in divorce.
Why Choose Samuelson Hause PLLC?
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Accredited By the Better Business Bureau (BBB®) for High-Quality, Ethical Legal Practices
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Included In Best Lawyers In America
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Top-Tier Matrimonial Law Firm with US News & World Report
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Three Attorneys Listed in New York Super Lawyers ®
Testimonials
Our Determination & Dedication Is Recognized by Our Clients
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“A year before I decided to get divorced, I met with Wendy. I wasn't quite ready to pull the plug on my marriage, even though when I look back I realize it was over for years. I remember being impressed with Wendy's calm authority and the feeling that she w”M.D.
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“I worked with Tracy Hawkes, she was great throughout the entire process.”Tina M.
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“Most importantly, she really cared about me as a human.”Fan Y.
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“C.C.
Thank you so much for the informative consultation. You’re such a remarkable woman & I truly appreciate all the referrals.
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Very tough divorce case but Wendy and Anna assisted me in every way possible and are wonderful people to talk to!Todd
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“I almost never leave reviews so that means a lot that I am leaving one here for Wendy Samuelson. I cannot say enough positive things. I went into the consultation with trepidation of my situation and she gave me the factual reassurance I needed. She advise”Tara G.
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“A year before I decided to get divorced, I met with Wendy. I wasn’t quite ready to pull the plug on my marriage, even though when I look back I realize it was over for years. I remember being impressed with Wendy’s calm authority and the feelin”Anonymous
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“I knew I had to switch lawyers after a long drawn out process. When I walked into Wendy’s office with a deadline of about a week she took the case immediately and she and Anna”Keri S.
