Debt settlement in a divorce proceeding is a complicated process. Marital debt is debt that was accumulated during the course of the marriage in order to acquire marital property. This commonly includes a home mortgage, automobile loans, home equity loans, and credit card debt that reflects the purchase of items for the mutual use of both parties.
At Walsh, Becker & Rice, we recognize that debt distribution can have a major impact on your financial life. There are also nuances to the law that must be carefully followed and legal limitations on how the court can apportion debt.
We work diligently to ensure that debt distribution is as fair as possible within the confines of the law and that you are not illegally saddled with the debt of your former spouse. Contact us as soon as possible to see how we can help.
We have offices in Anne Arundel and Prince George’s County, Maryland. We also serve those in all of Anne Arundel County, Prince George’s County, Charles County, Montgomery County and Baltimore County as well as the entire state of Maryland.