Texas Divorce Lawyer Helping You to Divide Debt
In today's tough economic times, the division of debt — from school loans and credit card debt to medical bills and back taxes — can be the most significant aspect of a property division settlement. You want a creative attorney on your side who can help you minimize the impact of dividing your debt.
As a Plano attorney dealing with marital debt, Jane-Ashley McMillan has been protecting the rights of individuals going through divorce for more than 25 years. She understands what you are going through and she will help you come up with a comprehensive financial plan, including the division of debt from your marriage.
Taking Steps to Protect Your Financial Security
As you consider your options for dealing with debt, it is important to look at the big picture in order to protect your financial security both now and in the future. You do not want to rely on someone else to protect your credit. So when it comes to credit card debt and other debts, it is important to take steps to make sure that your spouse pays his or her portion.
Marital Debt and Mortgages
The main asset for most couples is their home. When there is debt from a mortgage, your options are limited. In order to get one party's name off the title, the house may have to be refinanced.
If your home is no longer a positive asset, you must consider who can afford to take on the mortgage. Your mortgage company will play a vital role in this process. Ms. McMillan will look at your entire financial picture and help you gather the necessary documents and information to protect yourself from shouldering unnecessary debt. If you wish to keep your home, she can help you understand how to refinance so that the mortgage and deed are in your name and yours alone.
Creative Debt Solutions in Divorce
Dividing up debt in a divorce is difficult, but there are several options to ensuring you pay only your fair share. Make sure you have someone on your side who is looking out for your financial future. Contact the law offices of Jane-Ashley McMillan today to schedule a consultation and learn more.
