Marital Debt

New York Marital Debt Attorney Helping Families & Clients Through Divorce in Dutchess, Orange, & Ulster County

People heading into divorce are often so concerned about getting a fair deal in their property settlement that they overlook the other half of the equation: marital debt. In New York, all debt is subject to characterization as separate property or marital property. Spouses that bring debt into the marriage are likely to have the debt characterized as separate property and assigned to the indebted spouse. Any portion of the debt that can be shown to have increased during the marriage because of joint decisions made by the spouses may be subject to partitioning. In that case, the increased amount of the debt may be characterized as commingled and therefore marital property.

Debt is Subject to Equitable Distribution

For more than a quarter of a century, I have been representing clients with high net worth, who have much to lose in their divorce settlement. If your debt, including business debt and your jumbo mortgage are a primary concern in your pending divorce, get experienced legal help. Speak to me at the firm of Jonathan D. Katz, Attorney at Law, for serious representation.

To learn how an understanding of the exceptions and complications of marital property characterization can benefit you, contact me. From my office in Saugerties, I serve clients throughout the Hudson Valley, the Catskill region and the New York City metro region.

Jonathan Katz can Help You Resolve Your Debt-Characterization Issues

Any uncertainty as to whether your debt can be characterized as separate or marital property can usually be resolved in negotiation and mediation. In the event that parties cannot come to an agreement, a judge will make the decision. I am an experienced property settlement negotiator, often able to find creative resolutions to even the most complex property and debt issues. I do everything possible to keep your property settlement out of court. In the event your case must go to trial, you will have a skilled trial lawyer fighting to protect your financial interests.

Wherever you are in central or eastern New York, call me toll free at (866) 614-8872 or contact me by e-mail.

Client Reviews
I was living a nightmare of being falsely accused in a judicial system that considers all fathers to be dead beat dads until proven innocent. Living out of state and facing the possibility of jail, I miraculously found Jon’s website and called his office. Within a week the tables were turned, the lies were exposed, and the harassment was stopped. If you need someone that will challenge the system, then you need Jonathan Katz. Greg Weaver
Jon’s integrity towards his clients is what makes him a standout attorney. He makes it a priority to know what's important to you. You’re not just a number. He is upfront with you right from the start. He will not string you along just for his financial benefit. He is only willing to settle the case if that's truly what you want. Anytime I called him I received a call back from him that day. Not someone else in the office. He is an attorney that has a passion for what's important to his clients. John Morrissey
Being a single mom, I had enough stress in my life. I had no idea how to go about protecting myself. My daughters were my priority. Jon walked me through the process. He turned a difficult time into a workable solution. Diane Chiriani
Jon thinks well, works to be clear and honest. He works to get to a strong argument. He seems to have a good working relationship with everybody at the courthouse. I get the feeling he has no trouble thinking like a judge. He is friendly and courteous. He doesn't overbill. He takes and returns calls promptly. His legal staff is friendly and competent. What's not to like? Rick S.
I liked that there was always transparency throughout my case. Genevieve H.