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The Law Office of Dennis R. Vetrano, Jr., LLC The Law Office of Dennis R. Vetrano, Jr., LLC
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Debt Distribution HANDLING CASES FROM START TO FINISH

Debt Distribution in NY

How Is Debt Divided in a Divorce in New York?

One of the touchiest subjects when determining a divorce agreement is the distribution of debt. As emotions run high and tempers flare, figuring out financial liability for credit card debt, mortgages, and pension loans can be an uphill battle without the assistance of a trained legal team. At the Law Office of Dennis R. Vetrano, Jr., LLC, our attorneys can help you seek an amicable solution to your debt distribution struggle.

Our firm’s lawyers have more than 65 years of combined legal experience, giving us the expansive skillset and vast knowledge to help you swiftly get through your divorce. As recipients of the 2015 Avvo Clients’ Choice Award for our outstanding family law representation, we are known for our excellence and compassionate approach, giving our clients much needed peace of mind and the ability to move forward with confidence and hope.

Divorcing? Contact us online or call (845) 605-4330 today to discuss your case with an experienced legal professional.

What is Equitable Distribution?

If a couple is unable to come to an agreement regarding the terms of their divorce, New York law imposes an “equitable distribution” rule for the courts to intervene and establish a fair outcome. This rule instructs the courts to distribute debts in a manner that is deemed fair to both divorcing spouses. The term “equitable,” however, can be misleading, as it does not always mean “equal.” A judge will make a final debt distribution ruling following a thorough investigation of the couple’s marital situation.

Debts will be divided based on the following factors:

This process can be avoided by cooperating with your spouse and working towards establishing a mutually acceptable divorce agreement. Working together towards a common goal can save you a large amount of time and money, while also helping to keep tensions to a minimum. We understand, however, that sometimes the complications of a divorce can make this impossible. If this is the case, we are fully prepared to go the distance on your behalf and tenaciously represent your interests in a court of law.

Retain Knowledgeable Divorce Counsel Today!

Nobody should have to go through a divorce alone. We understand the emotional anguish that you must be experiencing, and our lawyers are ready to provide the personalized support you need to help you get through this difficult time. To get started towards retaining exceptional representation, request a consultation today!

CLIENT TESTIMONIALS

READ WHAT PAST CLIENTS HAD TO SAY
    "Using the Law Office of Dennis R. Vetrano to handle my divorce was the best decision I could have made."
    I would recommend the Law Office of Dennis R. Vetrano to anyone.
    - David B.
    "I highly recommend this firm!"
    Choosing the best attorney can take away some of the fear and anxiety Dennis and his absolutely amazing team have held my hand and calmed my nerves on more than one occasion.
    - Jennifer Garofolo
    "God answered my prayer when I asked for a great attorney."
    The outcome of the case was perfect, and the case settled without any issues. I had no chance to stress!
    - Rosa Gonzalez
    "Kristen and Erika were wonderful to work with."
    Both Kristen and Erika were prompt in all communications and kept me informed throughout.
    - Rebecca T.
    "Tough, gracious, generous, and committed describe Kristen’s qualities as my attorney."
    I can’t thank Kristen and her team enough for the all hard work and kindness through the process.
    - T. Curtis-Verderosa
    "Christal Prinz is OUTSTANDING!"
    It was a delight to work with her, considering the circumstances and nuances of my case and the law.
    - A.P.
    "I am so thankful I found this law office to handle my divorce. Kristen was a pleasure to deal with and handled my divorce flawlessly. Communication was always very fast, and always very clear."

    I am so thankful I found this law office to handle my divorce. Kristen was a pleasure to deal with and handled my divorce flawlessly. Communication was always very fast, and always very clear. I highly recommend! Couldn’t have been handled better. Thank you.

    - Claudia Franciosa
    "The guidance and knowledge they provided was immeasurable."
    I am so grateful for the wonderful team that assisted me through one of the most difficult times of my life. The guidance and knowledge they provided was immeasurable.
    - Jessica Conklin

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