Unfortunately, there’s a real risk that you’ll be assigned at least some of the value of a business loan your spouse was given.
There may be ways to offset some of the value on the business loan through a negotiated settlement.
You should prioritize finding legal counsel with particular expertise in financial matters and handling tricky equitable distribution scenarios.
You may find that your spouse is more open to minimizing your exposure to a failed business venture than you expect.
Our attorneys make every effort to negotiate fair settlements that protect our clients from debts that their spouses accumulated, and are experienced litigators if negotiations fail.
Dealing with debt is one of the least pleasant aspects of a divorce, but for almost every couple, it’s also unavoidable.
Call the attorneys at Zelenitz, Shapiro & D’Agostino today at 718-523-1111 to speak to an experienced Queens divorce debt attorney for free.