Madison WI Family Law and Divorce Attorneys

Sterling Law Offices, S.C.
810 Crossroads Dr #4000
Madison, WI 53718

(608) 208-6009
Hours: 9AM-5PM

Dividing Debts In Divorce In Wisconsin

The process of divorce is a complicated one.

There are many corollary issues that must be settled aside from the termination of the marital ties between the parties.

One of which is dividing debts in divorce in Wisconsin.

The longer the couple has stayed married for each other, the more complicated the partition of the obligations will become.

This is because there are already several debts incurred during the subsistence of the marriage.

Most of the time, the obligations by the husband and wife will be equally divided between the two of them. (note: 1)

As such, each will just contribute their fifty percent share to the total amount for settling the marital debts.

However, in some instances, there will be variations as to the amount that they will pay to their creditors.

It must also be noted that some spouses may have failed to declare the total obligations that they are supposed to pay to the third persons.

Such non-disclosure may also affect the division of the debts in divorce.

If you are a party to a divorce case and wants to pay lesser amount of debts, the first thing that you need to do is to list all the marital obligations that you are aware of.

Thereafter, contact a lawyer who can inform you of all the essential matters that you need to know about separation of debts. Your lawyer must have an experience on how to handle such type of cases. (note: 2)

Make sure that he is efficient and effective in rendering legal services to the clients.

As much as possible, try to maintain a professional and healthy relationship with your ex.

You do not really need to establish friendship with the other party especially if you are still hurting.

What you need to do is to at least be civil about the break-up.

By doing this, you can still negotiate some things with your former husband or wife.

At the same time, it will give you peace of mind. (note: 3)

Furthermore, maintaining a civil relationship with an ex can make the divorce proceedings, as well as the division or separation of assets, easier for both parties.

Nonetheless, always remind yourself never to settle for anything less. You deserve something more.

If you feel that your ex-partner is tricking you, make sure to call your lawyer as soon as possible.

More importantly, do not enter into any contract with your ex without talking to your attorney about it.