One major issue to consider while going through a divorce is how the marital debts will be divided. Arizona is a “Community Property” state, which means that any debts acquired or incurred by either party during the marriage are presumed to be community or marital debts in which each party has equal responsibility for. Our clients are often concerned about how their debts will be divided, such as mortgages, car loans, credit card debts, or student loans.
The division of marital debts can be overwhelming and can vary depending on the circumstances of your specific case. Our team at Owens & Perkins is here to help you navigate this issue and others during your divorce. Our July blog series will help you understand what marital debts are and what role they can play in your situation before, during, or after a divorce.
THIS MONTH OUR TOPICS WILL INCLUDE:
- The Difference Between Separate and Marital Debts
- Managing and Organizing Debt During a Divorce
- How to Handle Household Bills During a Divorce
- Bankruptcy and Divorce
- How to Handle Rental Leases During Divorce
Follow our weekly blog series every Friday on social media to learn more.
If you find yourself, a friend or a loved one in need of legal advice, please contact the attorneys at OWENS & PERKINS by clicking hereor by calling our office at 480.994.8824 to schedule your FREE 30 minute consultation.We remain fully operational while practicing appropriate social distancing and cleaning regimes.
Owens & Perkins has proudly been serving the Valley of the Sun since 1967 and we would be honored to put our extensive experience to work for you.
If you missed last month’s blog series click below to learn more about:
- Types of Cases Resolved Through Mediation
- The Role of a Mediator
- What to Expect in Mediation – the Stages of Mediation
- Will I Be Required to Go to Mediation?
