Sometimes divorce settlements end up lumping most of the debt on one spouse, and not necessarily the one who ran it up in the first place.
It never feels good to be stuck paying bills you didn’t create, so the attorneys at Friedman & Ranzenhofer go to great lengths to ensure that your financial responsibility during the marriage isn’t rewarded with your spouse’s reckless spending habits.
First, if there is evidence that the debt was run up fraudulently or maliciously, we can ask the judge to treat it as a separate asset and not be included in the settlement.
Elements to support this include debt that was generated after the divorce was filed, or immediately before filing, when the purchases in question were never intended to be used jointly.
Second, if the debt is allowed, we can make sure that the balance of the debt counts dollar for dollar against other cash portions of the settlement, reducing costs like spousal maintenance that you may also carry from the marriage.
Call us today at 585-484-7432 and work with attorneys who can protect you from unfair settlements in your Rochester divorce.