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(561) 338-5297 Boca Raton Divorce Lawyer & Family Law Attorney

Marital Debts

Boca Raton Divorce Lawyer, Personal Injury & Civil Litigation Since 1984

Just as couples acquire assets in the course of their marriage, they also acquire marital debts. It used to be rather simple for a divorcing couple to forget that the liabilities incurred during a marriage were to be divided just like the marital assets. The fact is that they are distributed between the parties so that the debts are still paid, but they are distributed in a way that the court deems fair.

If you are facing divorce, you most likely have marital debts and those debts will be distributed between you and your spouse. It is important that you have a knowledgeable Florida divorce lawyer by your side every step of the way, advising you so that you can make informed decisions, as well as advocating for your best interests.

Addressing Marital Debts Division Issues

There are a number of ways in which marital debt distribution can be problematic. For instance, the marital residence may have low equity, one or both of you may have substantial medical bills, or there are high credit card balances. You attorney will be able to address these matters with you. The nature of the debt could result in a high-conflict debt division issue. Sometimes the division of assets goes rather smoothly, but the major issues come up when marital debt is divided.

The types of marital debt can include:

  • Home mortgage debt
  • Tax obligations
  • Medical bills
  • Car payments
  • Credit card debt
  • Bank loans
  • Student loans
  • Business debt or personal guaranties
  • Bank loans

It is important to keep in mind that it is one thing to divide the main responsibility for a certain debt between divorcing spouses, and another thing to adjust your obligations with a creditor. If your spouse is responsible for paying a joint debt and they do not make the necessary payments, the creditor can also pursue you for payment even after the divorce is final.

Setting Realistic Expectations

It is very important that your Boca Raton family law attorney sets realistic expectations for you so that you are not lost in the process. You will be informed that joint debts can result in you being responsible for the entire debt if the other party fails to pay. All realities are kept in mind so that you are properly informed. Nonetheless, your attorney will take a realistic and practical approach to the matter, advocating for you so that you receive a fair outcome that will not interfere with your ability to move on with your life.

Contact Attorney Ronald M. Zakarin For Family Law Matters

Just like with marital property, marital debts are divided between the two parties as well. Just like with property, the debts may be divided equitably but not equally. If you are facing divorce and property and debt division will be one of the matters that have to be faced, having an experienced attorney by your side advocating for you will make a difference in the outcome. To learn more about your rights and options, call the Law Offices of Ronald M. Zakarin, P.A. at 561-338-5297 to schedule a free consultation.

What Our Clients Are Saying:

  • Ronald made this, otherwise, stressful experience as seamless as possible. For someone with dyslexia, I worried about understanding all of the technicalities involved in my case. He walked me through every step and every detail with ease. Ron was always there for me, just a phone call away. Overall, he was an understanding and caring person who went above and beyond to help me through this trying time.

  • Mr. Zakarin did an exceptional job in my case. He was professional, knowledgeable and answered every question I had with professionalism and honesty. He kept me informed throughout the case and fought for me until the case was resolved.

  • Ron Zakarin was recommended by a friend after a bad automobile accident. Upon meeting him he seemed like a regular guy ,then when he started talking I saw the passion and toughness. The understanding, professionalism and access of Mr. Zakarin's office , made a bad experience more tolerable. The silver-lining in my experience was the result. Six times the settlement I expected and the top maximum available settlement possible! I would recommend Zakarin to all of my friends...and none of my enemies!

  • Ron Zakarin has been my personal attorney since 2004 and as such has guided me effortlessly and professionally as well as thoroughly through all of my legal venues including prenuptial, marriage, dissolution of marriage, will and estate planning, vetting of criminal defense attorneys for a family member in another state an any and such other questions I pose. Ron has always been responsive, thorough and willing to listen and delve into areas that my not be his professional forte but will work with others who are experts in any area needed. His billings are itemized and precise and fair. I have referred others to Ron and his firm and will continue to do so. Ron always returns my calls and if for some reason he is not available he ensures that someone from his office returns my calls and obtains the information I require or provide assistance.

  • Ron assisted me in a complex legal matter in a critical situation regarding child support for my special needs child who was turning 19. Had it not been for Ron's efforts, my ability to provide a home , medical needs, clothing and food for my son would have been in jeopardy. Ron also assisted me in a number of legal matters and has always been there for me. Ron is compassionate, caring and knowledgeable in all areas of family issues.

  • Ron has been very helpful and makes the client feel important. Their problems are important to him. He is attentive and cares about his clients. I woild strongly recommend Ron if I neeed an attorney.

  • My teenage son was nearly fatally injured in an automobile accident, medivacted to a trauma center and in a coma for three weeks. His care was excellent but the medical bills were astronomical. Ron Zakarin and his firm took control of the case the day after the accident, ensuring he got the best care possible. Throughout his recovery Ron and his team worked hard to negotiate with the insurance companies and medical creditors to keep everything under control. In the end my son recovered fully, all the medical bills were negotiated and paid, the law firm was paid (industry standard rates) and my son still had a sizable sum to bank for any future medical needs. The actual medical bills alone were more than the available insurance! Even after everything was settled Ron personally keeps contact to make sure my son is still doing well. More than a lawyer or law firm, they truly were partners for our legal needs and made the best of a terrible situation.