Tampa, Florida

Dividing Debt in Divorce

Dividing Debt in Divorce

Do You Know How Your Debt Will Be Divided During Your Divorce?

Even in the most cordial of divorces frequently turn contentious when the divorce process turns towards dividing assets, especially in states like Florida that don’t divide property or assets down the middle. Once you begin to factor in debts you and your soon to be ex-spouse may have, coming up with a fair and mutually beneficial outcome can become even more difficult which may become even more se depending on the size of the debts you need to factor in. An experienced family law attorney can help you prepare for this process to ensure that you secure the beneficial outcome you need to move on to the next phase of your life.

Call us at (813) 518-7941 to speak with one of our Tama divorce attorneys at Givens Givens Sparks today.

At Givens Givens Sparks, our Tampa divorce attorneys have dedicated their careers to providing families and individuals who require knowledgeable and passionate legal representation during their time of need. With the proper guidance, you can avoid the pitfalls and mistakes that could result in you facing down a difficult and unfavorable situation. Our attorneys will work with you to make sure that you aren’t taken advantage of by the courts or your spouse, and help you secure the favorable outcome you deserve. Contact us today to begin planning your next step.

How Should I Prepare?

The first thing you need to do when preparing for the property division portion of your divorce process is to take note of the names connected to the debt you and your spouse may hold, and whether or not it exclusively belongs to either party. This is especially important because in many cases, the company you or your spouse owes money to may not care about the agreements you make in the courtroom. If your name is on the bill that your spouse agreed to pay, you will likely still be responsible for any fees, penalties and / or interest that result from missed or delayed payments.

One avenue you may choose to pursue is handling all of your debts before signing the final divorce papers. The easiest way to do this may be to sell off major pieces of real estate like your marital home and using the funds to pay off your debts. This could have the added benefit of answering arguments about who gets to keep the home before they even start. You could also sign up for a new credit card and transfer your funds and debts to that new account to make sure that everything is connected to the right name. Whichever avenue you choose to pursue, a qualified divorce attorney can help you throughout the entire process to help you avoid any potential complications.

Fill out our online form to tell us all about your case and request a case evaluation from one of our attorneys.

Hire The Experienced Representation You Need Today

At Givens Givens Sparks, we understand just how difficult and stressful the divorce process can be for you and your entire family. Our Tampa divorce lawyers have more than 135 years of collective experience on our side, and have helped hundreds of people secure the beneficial outcome they require to move on to the next phase of their lives. Whether you are just beginning your divorce process or if you’re well on your way, call us at (813) 518-7941 to speak with one of our knowledgeable attorneys or fill out our online form to start out with a case evaluation today.

Client Testimonials

  • "I feel exceptionally fortunate having been referred to you."

  • "Rob has proven his extraordinary talent, perseverance, vast knowledge of the law, along with his professional demeanor and his ability to communicate and listen well."

  • "Your expertise, knowledge and professionalism put me at ease while you handled my out of state matters."

  • "I will be forever grateful for your assistance, understanding & concern on my divorce."

  • "Know anyone with the same amount of class, ethics and thoughtfulness and ability to execute as you?"

  • "The times we have with our granddaughter are a constant reminder of Rob’s highly effective work."

  • "Going through a divorce is a very traumatic event, but you all make your clients feel cared for and the trust factor is definitely felt."

  • "I would recommend them 200% to anyone who has to go through a divorce."

  • "I truly appreciate your brilliant legal minds and your professional protection of my desires and interests as pertaining to my home."

  • "If I ever have a friend who's going through a divorce, you will be the only name for me to recommend."

  • "Mr. Givens assured me that he was placing my needs in very good hands. He was correct because we are in a much better place because of your efforts."

  • "Stann is an intellectually gifted, highly motivated, knowledgeable attorney. He was truly a 'master negotiator.'"

  • "Rob, Thank you for your assistance and guidance throughout my divorce process. I will certainly recommend you to others seeking legal support."

  • "I appreciate you both always taking the time to answer all of my questions"

  • "Your joint efforts and hard work have finally brought a son and father together."

  • "Your guidance and wisdom has truly guided me through this difficult process that I can now put behind me."

  • "His research, preparation and professionalism is noteworthy in every aspect."

  • "Rob, I wanted to say THANK YOU for all of the time, effort and hard work you put into my case! Without your assistance, Madison would not be here with us in South Florida."

  • "Your guidance and wisdom has truly guided me through this difficult process that I can now put behind me. "

  • "His research, preparation and professionalism is noteworthy in every aspect. You have a brilliant attorney on your team."

  • Paula, thank you so much! You have been a true pleasure to work with through this difficult process. I really appreciate it.

  • "Rob, Thanks again for all of your help through this process. You and Paula have both been great."

  • "Ellen, this comes with sincere gratitude for a job well done. You have restored my faith in your profession. Thank you for always acting in my best interest."

  • "Ellen, I could not have been more fortunate in my legal representation!"

  • "I am very happy that I selected your firm and would not hesitate to give my highest recommendation."

  • "Rob, I wanted to say thank you for all your efforts in getting this agreement settled."

  • You have been wonderfully amazing. Thank you for everything. So grateful.

Get In Touch

At Givens Givens Sparks, your family is our family. As such, we promise to fight for each client and voraciously protect their best interests. Facing a family law issue? Get in touch with us to learn how we can help!

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