Marital Debt

Marital Debt

[vc_row][vc_column][vc_custom_heading text=”Prince William County Attorneys for Marital Debt
” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_column_text]Marital debt is that debt which is incurred for the benefit of the marriage, during the marriage by either party. It is regardless of whether that debt is titled jointly or is solely in the name of either the husband or wife. When a joint tax return is filed, the I.R.S. will hold both spouses to joint and several liability for any tax debt. This and other factors can complicate the debt that’s owed by each spouse. Farrell & Croft, P.C.’s experienced divorce attorneys help you to minimize your exposure to marital debt.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Virginia Law on Division of Debt During Divorce
” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_column_text]Virginia courts have the authority to apportion marital debt between the parties equitably or fairly and must consider the equities of each case and other factors as required by Virginia law.

Based in Manassas, our attorneys have provided trusted family law counsel to Prince William County for over 20 years. As a result, we welcome you to learn more about why clients choose us and to read our client reviews.

Marital debt is a complex issue, and one that’s best handled by experienced attorneys. To request a consultation, please contact Farrell & Croft, P.C.[/vc_column_text][/vc_column][/vc_row]