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Posts Tagged ‘division of marital debt’

Georgia Divorce Law Terms and Processes

Sunday, June 28th, 2009

While the dynamics of every marriage are different, the legal process for getting divorced in Georgia remains the same.  Below is a general summary of the terms and processes involved in a GA divorce.

GA Petition For Divorce

The GA divorce process begins with the filing of a petition with the court. Your divorce lawyer will generally file the petition for divorce in the county where you reside, at which time the Sheriff or a Server of Process will deliver the petition to your spouse. Once the petition for divorce has been delivered, your spouse will have 30 days to file a response with the court.

Georgia Divorce Residency Requirements

In order to file for divorce in Georgia, a couple must generally live in the state for a minimum of six months.

Legal Grounds For a Divorce

Georgia is a no-fault state. Thus, there need be no “grounds” necessary to obtain a divorce, such as adultery or abuse. In order to petition the court for a divorce in Georgia, one must simply state that they believe the marriage suffers from “irreconcilable differences.”  Because no other grounds are necessary, if one spouse wants a divorce, they generally do not need the approval of the other spouse.

Of course, one can still file a fault divorce, and for various strategic reasons divorce lawyers sometimes do petition the court for a “fault” divorce.  Some of the common fault divorce categories are:

•    Cruelty
•    Adultery
•    Felony

The Division of Property

Generally speaking, courts generally prefer that the parties to a divorce work out an agreement on property division amongst themselves.  As one Fulton County Family Law Court Judge is rumored to have put it, “I don’t do furniture.”  Unfortunately, it is often the case that parties to a divorce are not able to work out the separation of assets among themselves, in which case a court will need to determine what is separate property and what is marital property, and then divide the marital property in a manner it deems “equitable.”

The Distribution of Debt in a Georgia Divorce

Disputes over the distribution of debt are becoming more and more common in Georgia divorces.  Generally speaking, just as assets and property are divided among spouses, so are debts.  Unfortunately, it is often the case that one spouse can ruin the credit of the other.  For instance, if both spouses co-signed a mortgage loan but only one of the spouses were responsible for paying that loan, if that spouse fails to make their payments the credit of the other spouse would be tarnished.  For this reason, our divorce lawyers often tell our clients to close any joint accounts they have with their spouse.

Georgia Spousal Support

GA alimony, also known as spousal support, can be permanent, temporary, or restorative, and can be paid via one lump sum or in periodic payments.  There are a number of factors that play into the type and amount of alimony payments required in a divorce, including but not limited to:

•    Length of the marriage
•    Income and assets of both spouses
•    Contributions to the home and rearing of children
•    Contributions by one spouse to the career or education of the other

Georgia Child Custody and Visitation

In Georgia, a “parenting plan” is now required for all divorces involving children.  Among the issues that must be addresses in each parenting plan are:

•    where the children will live
•    where the children will spend holidays
•    which parent will make decisions about the children

Georgia Child Support

In Georgia, child support is considered to be the responsibility of both parents.  The state legislature recently enacted Georgia Child Support Guidelines, which take into account a wide variety of factors in determining how much each parent will be required to pay.  The Child Support Guideline worksheet can be fairly complicated, and we recommend you consult with an attorney rather than trying to work through the worksheet on your own.

Georgia Mediation/Collaborative Law

Mediation is the process by which both spouses try to resolve conflicts through the help of a third party (a mediator) rather than through the courts. Generally speaking, each spouse is represented by their own divorce lawyer during the proceedings.

Final Divorce Decree

In Georgia, the final divorce decree is an order by the court that legally dissolves the marriage and contains decisions on all aspects of the divorce, including the separation of assets, alimony, and if children are involved, child custody and child support. Upon issuance of the final divorce decree, your Last Will & Testament in Georgia will be declared null and void.  One may also choose to restore their premarital name after the final divorce decree is issued.

Getting Started

The above information is meant as a brief summary of certain aspects of Georgia family law.  If you are considering filing for a divorce, or have already been served, we recommend that you speak with one of our Atlanta divorce attorneys sooner rather than later.  We are proud to say that our attorneys are among the most  knowledgeable and experienced in the state. Click here to see our Credentials and Client Reviews.  Please note that for a typical family law proceeding, our law firm retainer begins at $2,500.00. To set up a consultation with one of our attorneys, please give us a call at (404) 239-3932, or visit our Divorce Attorney Homepage to fill out our contact information form.  Thank you and we look forward to working with you.

The Division of Marital Debt In A GA Divorce

Wednesday, April 22nd, 2009

When a couple divorces in Georgia, not only must a court equitably divide marital property, it must also equitably divide marital debt.  Marital debt is debt incurred during the course of the marriage.  There are generally three ways a Georgia court, or the parties in a settlement agreement, can divide marital debt.

First, if there are enough assets in the estate, the marital debt can be paid off in full.  Second, the court can divide the debt and order each party responsible for a portion of the marital debt.  Third, the court can order the parties to be jointly responsible for all marital debt.

In determining how to equitably divide marital debt in a Georgia divorce, the court will look at who incurred the debt, who benefited from the debt, who is in a better position to pay the debt and what relationship the debt has to various marital assets. Secured debts, such as a mortgage on a home, will generally be offset by the value of the asset to which they are tied.  Thus for example if the wife is permitted to stay in the marital home, a court may order her to refinance the home in her own name so that the husband is no longer responsible for that debt.  Since the wife is receiving the benefit of the house, equity may dictate that she be responsible for the related debt.

Unsecured debt, like credit cards or personal loans, will often be divided based on whose name the debt is in.  Divorce courts in Georgia look at the totality of the circumstances to determine how to equitably divide marital debt.

Although a court can order one party responsible for certain debt incurred during the marriage, creditors are not bound by the court’s order.  For example, if a wife signed as a guarantor on a credit card for her husband, the credit card company can go after both parties for the debt even if the Georgia divorce court ordered the husband responsible for the debt.  Even though creditors are not bound by the final decree of divorce in Georgia, there are judicial remedies a party can seek if an ex-spouse has not lived up to his or her obligation regarding payment of debt, such as contempt of court.

Getting Started

The above information is meant as a brief summary of certain aspects of Georgia family law.  If you are dealing with a divorce in Georgia, we recommend that you speak with one of our Atlanta divorce attorneys sooner rather than later.  We are proud to say that our attorneys are among the most  knowledgeable and experienced in the state. Click here to see our Credentials and Client Reviews.  Please note that for a typical family law proceeding, our law firm retainer begins at $2,500.00. To set up a consultation with one of our attorneys, please give us a call at (404) 239-3932, or visit our Divorce Attorney Homepage to fill out our contact information form.  Thank you and we look forward to working with you.