Dividing Debt in Divorce Mediation
Have you and your spouse decided to get a divorce but want to avoid the trauma of litigation? You may want to consider going through the mediation process with the assistance of an Orange County divorce mediation attorney. At Alternative Divorce Solutions, our team is highly knowledgeable about the way California laws affect debt division.
How Is Debt Divided in California Divorces?
Just like with property and assets, debt is divided fairly between spouses during a divorce or dissolution. There are many factors considered during the division of debt, including the length of the marriage, the contribution each spouse had, and the amount of debt each incurred. Going through the mediation process rather than litigation can help keep a tricky situation like this out of a judge's hands. If you and your spouse are able to come up with a fair decision, you can save yourself a lot of stress and anxiety.
A few examples of the debt which may be divided in a divorce include:
- Credit card debt
- Business-related debt
- Mortgages
- Loans
- Car loans
- Home equity lines of credit
It is always advisable to have a knowledgeable and caring attorney on your side. We are here to protect your best interest and provide you with the support you need.
Call Us at (949) 558-2624 to Schedule a Free Appointment
We would like the opportunity to meet with you and discuss your goals and explain how we can help. Our Orange County divorce mediation lawyer is truly passionate about helping you achieve your goals without any unnecessary stress.
Schedule an appointment for a free one hour case consultation. Call us now at (949) 558-2624!
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“Thank you for all your knowledge, conscientiousness, and kindness.”
- Beverly -
“First and foremost, I found that I had a lot to learn about the divorce mediation process. I did not exactly know what the role of the mediator was or if we would still have to go to Court.”
- Donald B. -
“I was so stressed out before I went to ADS. Once I got there Lani sat with me and my husband and explained the whole mediation process. After I left I knew exactly what to expect and ADS lived up to my expectations.”
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