You've made the right decision.

(602) 466-7055

Now, make the call!

How is debt divided in Arizona?

How is debt divided in Arizona?

In Arizona community debt is divided equitably, which means fairly. In practice, this often means as equally as possible. But debt does not have to be divided equally even if that debt was incurred during the marriage. People often have the misconception that because a debt is in one spouse’s name alone it means that particular debt belongs entirely to that spouse. Not true. If the debt was incurred during the marriage, it is the debt of both spouses even if the debt is in the name of one spouse alone, unless certain exceptions apply. When it comes to dividing debt that is secured by collateral, typically the spouse who will be keeping the collateral also will be responsible for the debt. For example, if you are awarded a particular vehicle and there is a loan balance that is secured by that vehicle, you most likely will be the spouse who will have to make the payments on that loan.

Contact a Phoenix Family Law Attorney

If you need help regarding your Family Law matters, contact a Phoenix
Family Law attorney today. Call Thomas Law Office, PLC at (602) 466-7055.

We have been FIGHTING for your rights SINCE 1996. Let our results speak for themselves – Contact us TODAY!
  • How would you prefer to be contacted?
  • Disclaimer: The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Visit Our YouTube Channel

For Informative Videos