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Divorce and Debt: Untangling Finances in Separation Hampton Roads VA

https://www.DebtFreeVA.com | (757) 482-5705

Divorce and Debt: Untangling Finances in Separation

Divorce can be financially complex, especially when debts are involved. Nearly 50% of marriages end in divorce (source: CDC), leaving couples to divide assets and liabilities.
Key considerations:
• Joint debt: Responsibility for joint accounts (credit cards, loans) is often shared, even after divorce.
• Division of property: Courts typically divide marital property equitably, including debts.
• Bankruptcy's impact: Filing for bankruptcy can affect debt division and may not eliminate all obligations.
• Spousal support: Alimony can influence financial responsibilities.
Protecting your financial future requires careful planning. Contact us for expert legal guidance on navigating debt division and securing your financial stability during divorce.
For More Information and a FREE Consultation please call (757) 482-5705 or visit us online at https://www.DebtFreeVA.com

Divorce and Debt: Untangling Finances in Separation Hampton Roads VA

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