Answers Regarding Debt Division

In many divorces today, the division of marital debt is one of the most important issues at stake. Upside-down mortgages, credit card bills, car loans and many other debts must be split up between the spouses.

At the Law Offices of Jeffrey S. Graff, we understand how significant debt division can be and how it can affect your future for many years to come. Whether through mediation, negotiation or taking a case to trial, we work with individuals throughout Southern California to resolve debt division disputes and reach acceptable agreements.

Dividing Marital Debt in California

Under California law, most marital debts are evenly divided between both parties. Under certain circumstances, however, more of the debt may be apportioned to one spouse than to the other. Situations when debt may be apportioned unequally include:

• If one party violated his or her fiduciary duties
• If one party made significant gifts to third parties
• If one party has incurred tax debt and the other is innocent

Even though the court may order a person to pay half of the joint debt, our law firm can often find legal avenues to avoid someone actually having to do so. One option that we can help you explore is filing for bankruptcy.

Get a Free Initial Consultation With Our Lawyer

If you have questions about debt division and how it will affect your future, schedule a no-cost, confidential consultation with a Thousand Oaks debt division attorney. Simply call the Law Offices of Jeffrey S. Graff at 805-497-1311 or 818-719-6525. You can also contact our firm online. We look forward to assisting you.