When spouses get divorced, they are faced with the dilemma of dividing up their debts as well as their assets. Georgia's policy of equitable division does not necessarily equate to a 50-50 split or to one spouse paying more if his or her earning power is higher. In fact, the division of marital debt and assets is a complicated area of family law.
If your divorce is looming, do not waste any time. You need an experienced attorney to protect your interests. At Edwards & Associates, we have an in-depth background in debt division under Georgia divorce law and we are ready to help you. Contact us today to schedule an initial consultation.
An In-Depth Understanding of Debt Division Under Georgia Law
Since 2001, our attorneys have practiced exclusively in family law. They have successfully represented dozens of clients with complex needs in divorce property division. We are committed to protecting clients' interests and making sure they are not obligated to cover debts their ex-spouse accumulated before their marriage or in circumstances that make it unjust.
Our success stems from working with forensic accountants, business valuation analysts and other financial experts to determine how the debt was accumulated and when. For example, we carefully review debts to understand if they are associated with a business an ex-spouse purchased and maintained before you married, or if they were accrued after the divorce was initiated.
If a family's debt suddenly skyrocketed toward the end of a marriage, we will investigate whether additional money may have been spent on jewelry, vacations or other items during an extra-marital affair. We also have experience discovering hidden assets, overseas bank accounts and unreported income in order to aggressively protect our clients from debts that were accumulated outside of their control.
