Determining A Fair Division Of Family Debt

Not only do shared assets and personal property need to be divided, but accrued debts as well. It's important to know what was debts were incurred before during, and after the relationship ended. Each scenario may result in a different outcome.

At Henderson Heinrichs LLP, our family lawyers will assist you with identifying what constitutes family debt. Based in Vancouver, British Columbia, we will advise married and common-law couples on their situations and how to best divide any shared debts.

A Fair Division Of Debt

Determining what is family debt, and what should be excluded from family debt is something Henderson Heinrichs LLP has extensive experience in guiding clients through.

It may not always be fair to divide debts 50/50. We will analyze each person's responsibility for incurring the debts, the maintenance of the debt, what assets have already been divided, and whether the contribution to reduce the debts should be equal on both sides.

If the parties cannot agree on how to divide the debt, we will bring the matter to court and support your position on any unequal division of debts.

Helping You Choose The Right Legal Strategy

There is more than one way to resolve a family law dispute. Whether its a debt, or another type of real property or personal property, you can resolve the matter in court, through mediation or through settlement discussions.

At Henderson Heinrichs LLP, we don't just want you to understand the legal information - we want you to understand the bigger picture and how each process will affect your goals. We are always available to answer your questions, discuss your case and advise you on the decisions you make that will allow you to make meaningful choices about your future.

Legal Strategies Personalized To Your Situation

Contact Henderson Heinrichs LLP and learn more about what we can do for you. Call our family lawyers at 866-649-7217 or arrange a free half hour consultation using our online enquiry form.