Los Angeles Divorce Lawyer: Debt Division

Debt Division in Divorce Proceedings

According to California community property laws, any assets that were accumulated during a marriage must be equitably divided in a divorce. This also includes debts, regardless of which spouse acquired the debt or whose name appears on the bill. Both debt and asset division can become extremely contentious issues when a couple decides to legally end their marriage.

If you are considering a divorce, contact a Los Angeles divorce attorney for qualified legal advice regarding the fair distribution of assets and debts. An experienced divorce lawyer can explain the statutes and guidelines pertaining to asset division, and help you summarize and value you property. You can also find out how best to distribute debts such as:

• Credit card debts
• Home equity lines of credit
• Car loans
• Mortgage
• Other consumer loans

Mansouri Law Offices is a capable boutique family law firm that can skillfully guide you through the divorce process, and help you divide your property and debts. We are reliable litigators that provide professional and attentive service to our clients. Our office has successfully helped divorcing clients in both simple and complex cases, ensuring their rights were protected at all times.

Protecting Your Interests in Divorce

During a divorce, any debts acquired during a marriage will need to be divided between spouses. Our firm can thoroughly review your finances and help you determine how best to distribute your liabilities. We can also catalog and determine the worth of your property, including real property, investment property, rental property, stocks, bonds, IRAs, businesses and partnerships. We are highly skilled divorce attorneys that will confidently guide you through all phases of the divorce process.

Contact a Los Angeles divorce lawyer from Mansouri Law Offices if you are seeking a divorce to discuss your financial situation and how to fairly divide your debts.