New Jersey Divorce and Settlement of Debt. Often after parties have settled their NJ divorce, they have issues as to how they are going to pay off the debt that they are distributing. As to credit cards, there may be joint credit cards or credit cards in individual names that have marital debt as a component of the outstanding balance. One way to distribute this debt for payment is to assign each of the parties to the NJ divorce specific credit cards for them to pay off, that way, neither party has to directly interact with the other when a payment has to be made. If you have marital debt and are unsure as to how you will distribute this debt in a matrimonial settlement agreement or property settlement agreement, call us at 732-390-0480 or 201-242-1119 for a free consultation with our NJ divorce lawyer and NJ divorce attorney in our East Brunswick, New Jersey or Fort Lee, New Jersey offices. We encourage you to ask us about our flat fees for a limited uncontested divorce or default divorce as well.
Sep 21, 2016 @ 08:22 AM — by Michael Green