Dividing DebtsWe Are Here to Guide You Through Your Family Law Matter
Debt & Divorce
How will the debts be divided?
It can be easy to acquire debts over the course of a marriage. Providing for a family requires many things such as a house, cars, furnishings, and even college educations, not all of which can be paid for up front.
When we are happily married, we don't think of how these types of purchases will affect a divorce, but dividing debts can turn into one of the most complex parts of the proceedings. Similar to property division, deciding which debts belong to what party takes the evaluation of many factors.
Just as someone would want to ensure that any property belonging to them is theirs after a divorce, one also wants to ensure that they are not paying more than their fair share of any debts. You should call The Karenko Law Firm PLLC as soon as your divorce delves into the realm of splitting up debts from the marriage.
My practice is devoted to family law and I, Attorney Karenko, have extensive experience in all aspects of divorce, including the intricacies of debt division.
How We Can Help
Going through a divorce is never easy and as soon as you add in factors such as the equitable division of debts and property, suddenly even the most amicable couples can seem like terrible enemies. Some property and debts are exempt from equitable distribution and it can take a lot of effort to determine which are which.
When deciding on the distribution of the debts as well as the assets, a judge will begin with the assumption that everything should be divided equally.
Certain factors can justify an unequal distribution, including:
- Economic circumstances of both parties
- The duration of the marriage
- The contribution of one spouse to the personal career or educational opportunity of the other
- The contribution to the marriage by each spouse
If your marriage involved any of the above examples, or any others you feel may constitute an unequal division of the assets and debts, call me right away. As a trained litigator who resolves most of my cases in settlement, I can help with the complex issue of debt distribution.
I have been serving clients for over 30 years and have extensive experience in the litigation of family law, divorce and custody matters.
A 1-hour phone or video consultation is available upon request. All consultations are $100 and that fee will be credited towards client retainers upon hiring me.
From Start to Finish
Every client that retains me gets me. I handle every case from start to finish and never hand my clients over to an assistant.
Treats Clients Like Family
At Karenko Law Firm, I treat every client as an extension of my family. I understand that they are going through a rough time and it is important for me to provide a calm, safe and welcoming environment.
Licensed in 3 States
I currently hold active licenses in the following 3 states, Florida, Michigan, and Texas.
“Mrs. Karenko is more than an attorney, she is a mentor, mediator, and sometimes a mom to her clients. She really works her best to find the best solutions to some of the most complex and sensitive family issues.”- Kingsey
“Ms. Karenko is an outstanding lawyer. I had a very difficult and complex divorce and she was wonderful. She is caring and has an excellent reputation with other lawyers and Judges.”- Previous Client
“The Karenko law firm really helped me through a rough time in my life; they are extremely professional and helped to keep me clam/relaxed through the entire process. They are honest and will fight to make sure you get out of the situation as quick as possi”- Wyatt
“Her advice and encouragement have gotten me through this-the WORST CHAPTER in my life. Juliann is a family law genius and I am so lucky to have had her on my side! She cares deeply about her clients and works hard for a positive outcome.”- Sarah
“MY FIGHT IS FINALLY OVER!!! She was amazing! I highly recommend her! She spoke to me like a friend, explaining every question I had in detail. I always felt confident every time I walked into the court room with her & never had a doubt that we would no”- Traci