Division of Debt in Divorce

When contemplating divorce, or actually going through a divorce, people may only consider the emotionally and financially beneficial aspects such as what is best for the children and how assets, or wealth, will be distributed. An aspect of divorce that is often overlooked is the division of existing marital debt. In difficult economic or financial times this is especially true. If you are contemplating divorce or have been served divorce papers you should speak with a Delaware County divorce lawyer immediately.

Divorce and Division of Marital Debt in Pennsylvania

Retirement plans, 401k’s, cash, equity in homes and marital debt is all divided in a Pennsylvania divorce. Any financial stability you may have enjoyed throughout the marriage or civil union may not translate once divorced. Outside factors such as loss of job, reduced hours at work or outstanding medical bills may also impact the division of debt, property and assets in a divorce in Pennsylvania.

Despite a divorce being messy and uncomfortable it is very important to remember that you do have rights that need to be protected. Working with a Delaware County marital debt lawyer will ensure your rights are protected throughout the entire divorce process. This will offer you peace of mind so that you can focus on moving on emotionally.

Contact a Media, PA, Divorce Lawyer at the Law Office of Deborah M. Truscello for Experienced Guidance on the Division of Marital Debt

If you are in a same sex union, male-female marriage or domestic partnership in Pennsylvania and have concerns regarding division of debt contact us online or call 610-892-4940. 

The Law Office of Deborah M. Truscello is located near the courthouse in Media, PA and we serve the surrounding areas of Bucks County, Chester County, Delaware County, Montgomery County and Philadelphia County, including but not limited to the communities of Allentown, Lancaster, Reading and West Chester.