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When Debt And Divorce Collide Roswell, GA
Married Couple Not Talking to Each Other

When Debt And Divorce Collide

Thomas C. Rowsey is a family law lawyer and he can help you navigate your Georgia divorce. One issue you will most likely need to address is the division of your marital debts. This is referred to as “division of assets.” This term can lead you to believe it only deals with assets, but it actually also refers to dividing marital debts as well.

Georgia residents must divide assets and debts equitably. This does not mean equally, but “fairly,” in accordance with what a family court deems appropriate. There are several factors that are taken into consideration when the Georgia courts are determining how the fair distribution of debt division happens.

  1. Each spouse’s income
  2. Each spouse’s ability to pay
  3. The length of the marriage
  4. Each spouse’s behavior during the marriage

It’s logical that according to Georgia law, debt incurred by a spouse prior to the marriage (such as college loans) is not considered marital or joint even if that debt was a benefit to both parties. Debts incurred under one person’s name during the marriage (such as personal credit card debt) are considered marital debt under Georgia law.

When your debt and your divorce collide, you need an experienced lawyer, such as Thomas Rowsey to assist you in accounting for all your assets and your debts. Our experienced attorneys are ready to assist you every step of the way in the division of your debts during your divorce. Let us help you during this difficult time.

Posted on behalf of Rowsey & Stelter, Attorneys at Law

295 W Crossville Road,
Building 100, Suite 110,
Roswell, GA 30075

Phone: (770) 993-5317

Monday - Friday 9:00 AM – 5:00 PM
Saturday Closed

Our Client Reviews

Rowsey & Stelter, Attorneys at Law

4.4 / 5.0

Based on 7 reviews

Chris Smith

Tom did an excellent job setting up my LLC for my new business recently. I was in a situation where I needed the LLC formed quickly and Tom and his team were able to work on a very short deadline. Highly recommended!

GAAW Wright

Tom has been our attorney for many years. He has been with us through thick and thin. He has successfully handled all our queries and cases with patience and understanding. We highly recommend Tom!

Corey Rennolds

At all times for the duration of my case, Tom demonstrated professionalism, confidence, and honesty. At no point was I pressured to make any one decision over another, but Tom did his best to inform me about the consequences and benefits of all of my options. If he did not know some specific detail regarding my case, he made the effort to find out. Tom instantly exudes trustworthiness and was always in steady contact. I would recommend his services to anyone.

Justina Allen

I met Tom over 10 years ago after settling in Roswell with my family. I have learned over the years that Tom is a man of high integrity, genuine and extremely knowledgeable in his field. Along with being honest, he is a straight shooter and will let you know where you stand. He will provide you with personal attention you don’t get at bigger firms and will go the extra mile. As legal matters can be frightening to deal with, Tom will guide you through the process and get you the results you need.

Rowsey & Stelter, Attorneys at Law

Contact Us Today!

295 W Crossville Road,
Building 100, Suite 110,
Roswell, GA 30075

(770) 993-5317

Monday - Friday 9:00 AM – 5:00 PM
Saturday Closed