Division of Debts-From Chapter 13-Divorce in New Mexico

Throughout a marriage, most couples will have disagreements about money from time to time.

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You might think extra money should be spent on a family vacation, but your spouse might insist it should be saved for your retirement. You might think it’s time to finally buy a new car, but your spouse thinks you driving the ten-year-old van for two more years is a better idea.
If you and your spouse had different philosophies about saving and spending during your marriage, chances are you will have some differing opinions when dividing your debts in divorce. What you both can count on is that New Mexico law provides that, to reach a fair outcome, the payment of debts must also be taken into consideration when dividing the assets from your marriage.
There are steps you can take to ensure the best outcome possible when it comes to dividing your marital debt. These include providing accurate and complete debt information to your attorney and asking your attorney to include provisions in your final decree of dissolution of marriage to protect you in the future if your spouse refuses to pay his/her share.
Regardless of how the debts from your marriage are divided, know that you will gradually build your independent financial success when making a fresh start after your divorce is final.

For more information our book Divorce in New Mexico is available for $14.95 on the home page of our website.

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“Thanks for everything yesterday! I had a very informative and meaningful consultation with Batley Family Law. I can tell that they are compassionate and strong which I admire in a law firm. Their firm has written a great book on New Mexico Divorce Law and they had recommendations for books to help my kids in this process! Thanks for the great gifts as well. I look forward to working with them in the process that lies ahead.”

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Batley Family Law
316 Osuna Road Ne #301
Albuquerque, NM 87107
Email: office@batleyfamilylaw.com
Phone: 505-246-0500

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