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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“Listen well and give excellent advice.”Mark K.
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“I couldn’t be more satisfied with the outcome and the hard work that they put forth for me. Their integrity, honesty and conscientiousness were invaluable to me. They kept me strong and focused in the right direction at all times.”Dr. D.S., Field of Neonatology
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“Wendy Samuelson and her firm are the best around. She really listened to me and respected my wishes on how I wanted my divorce handled.”G. Brill, LCSW
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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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“How do you choose a matrimonial attorney? Referrals. I was referred to Wendy Samuelson of Samuelson Hause PLLC by an attorney friend of mine who is a partner in a large multi-specialty Manhattan law firm. Why do you stay with a professional? Demonstrated r”JK, Esq. - Former General Counsel for the US division of an international bank
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“Divorce is a very emotional and draining process to go through. I was given a few recommendations for divorce attorneys and made appointments to consult with all of them.”C. Jordan
