Brasier Law

Oregon Family Law Attorney

  • Practice Areas
    • Uncontested Cases
    • Marriage & Divorce
      • Divorce
      • Uncontested Divorce
      • Contested and Uncontested Divorce
      • Modification to Orders
      • Property Distribution
      • Separation and Temporary Orders
      • Spousal Support
      • Support Orders
      • Tax Issues in Divorce
      • Financial Planning During and After Divorce
      • Division of Debt in Divorce
      • Business Division in Divorce
      • High Asset Divorce
      • Enforcement of Court Orders
    • Child Custody & Support
      • Adoption
      • Child Support
      • Move Aways and Out-of-State Custody Enforcement
    • Parental Rights
      • Custody and Parenting Time
      • Father’s Rights and Paternity
      • Grandparent Rights
      • Rights of UnMarried Parents
    • Domestic Violence & Abuse
      • Abusive Restraining Orders and FAPA
      • Domestic Violence
      • Estate Planning
      • False Accusations of Violence
      • Financial Abuse of Elders
      • Physical Abuse of Elders
      • Protective Orders
      • Restraining Orders During Divorce
      • Stalking Orders
  • About
    • Testimonials
    • Attorney Tom Brasier
  • Articles
    • General Family Law Articles
    • Marriage and Divorce
    • Child Custody and Support
    • Parental Rights
    • Domestic Violence and Abuse
    • Uncontested Divorce
  • Contact

Division of Debt in Divorce

Keep it equitable to avoid problems

For some couples, the question of asset division in divorce is complicated by debt that has been incurred by one or both of the spouses. Often this is a mortgage or a vehicle, but there are more and more couples facing significant shared credit card debt.

At Brasier Law we have the insight and experience to guide you to the solutions and time frames that will set you up for the best possible financial situation following the divorce.

Bankruptcy and Divorce Attorney — Directing the Division of Marital Debt in Bankruptcy

Every situation is different, and there is not a one-size-fits-all answer to handling these matters. Each case is framed by unique situations and circumstances that frame not only the dissolving marriage, but also the debt that must be divided.

When there is a high level of debt involved in the family’s finances, the process of dividing those assets and obligations becomes a matter of timing. It may be more beneficial for you to wait on the divorce until certain debts are resolved. In other scenarios, it may make sense to finalize the divorce first. Our lawyers will take a careful view of your finances to determine the best possible approach for your situation.

A large component of these decisions often revolves around the family home. If a pending foreclosure on a home loan is happening at the same time as the probable divorce, we will need to carefully assess a wise time frame for resolving both issues, so that they do not complicate each other’s situation.

Portland & Washington Debt Division Attorney

We take into account factors that many clients have not considered such as retirement accounts and other financial vehicles. We will also guide you in adjusting your estate planning goals and the wills, trusts and directives that are currently in place for the future.

We take the time to listen and understand your situation, taking every matter on a case-by-case basis. We will take the time to understand what is important to you and where your priorities lie. These goals will direct the customized manner in which we approach your case, advocating on your behalf to see you in the best possible position following the divorce.

To arrange an initial consultation to discuss your situation and how we can guide you to the options and solutions that will set you up for the future, please contact our law firm today at 503-855-4777.

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