Divorce Lawyers Serving Missouri and Illinois
Debt Is Subject to Equitable Distribution
People heading into divorce are often so concerned about getting a fair deal in their property settlement that they overlook the other half of the equation: marital debt. In Missouri and Illinois, all debt is subject to characterization as separate property or marital property. Spouses that bring debt into the marriage are likely to have the debt characterized as separate property and assigned to the indebted spouse.
Any portion of the debt that can be shown to have increased during the marriage because of joint decisions made by the spouses may be subject to partitioning. In that case, the increased amount of the debt may be characterized as commingled and therefore marital property.
Stange Law Firm, LLC has lots of experience representing clients with high net worth who have much to lose in their divorce settlement. If your debt, including business, mortgage or credit debt is a primary concern in your pending divorce, get experienced legal help.
To learn how an understanding of the exceptions and complications of marital property characterization can benefit you, contact us online. We can discuss all options with you, including whether you should consider filing for bankruptcy before filing for divorce.
Contact a St. Louis Marital Debt Divorce Attorney
Contact us online or by phone to schedule a free and confidential hour consultation at any of our convenient locations throughout the St. Louis metropolitan area, in St. Louis County, St. Charles County, Jefferson County and St. Louis City, Missouri and Belleville, Illinois.
Saint Louis County Office: 314-963-4700 Click to learn more about this location.
Jefferson County (Arnold) Office: 636-296-3060 Click to learn more about this location.
St. Charles Office: 636-940-5900 Click to learn more about this location.
Belleville Office: 618-310-3711 Click to learn more about this location.
Saint Louis City Office: 314-499-8340 Click to learn more about this location.
