The McKinney Law Group Blog

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Should You File Bankruptcy Before Divorce? Asheville Debt Planning Tips

Should You File Bankruptcy Before Divorce? Asheville Debt Planning Tips

Divorce and bankruptcy are two of the most significant legal events a person can experience, and they often intersect. In Asheville divorces, the division of marital debt can be as important as the d...

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Deeds-in-Lieu and Short Sales: Asset vs Debt in Asheville Divorce

Deeds-in-Lieu and Short Sales: Asset vs Debt in Asheville Divorce

In North Carolina divorces, the way property and debt are classified has a direct impact on how they are divided. When the marital estate contains distressed real estate—properties worth less than ...

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Debt After DOS But With Shared Benefit? Navigating Asheville Law

Debt After DOS But With Shared Benefit? Navigating Asheville Law

In North Carolina divorce cases, the date of separation—often referred to as the DOS—marks the legal point at which the marital estate stops growing. Assets and debts acquired after this date are...

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Student Loans Taken by Parents for Adult Children: Marital or Not?

Student Loans Taken by Parents for Adult Children: Marital or Not?

In North Carolina divorces, the classification of debt often determines whether it will be divided between spouses or remain the sole responsibility of one. Mortgages, car loans, and credit card bala...

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Can Child-Support Debt Be Marital in Asheville Divorce?

Can Child-Support Debt Be Marital in Asheville Divorce?

In North Carolina divorce proceedings, the classification of debt can dramatically change the financial outcome for both parties. Most couples are familiar with the concepts of dividing mortgages, cr...

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Dividing Business Debts in Asheville Divorce: Treating Closely-Held Liabilities

Dividing Business Debts in Asheville Divorce: Treating Closely-Held Liabilities

In North Carolina divorces, business interests often present some of the most challenging questions in equitable distribution. This is especially true in Asheville divorces involving closely-held bus...

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Refinancing Mortgage to Shield Debt in Asheville Divorce?

Refinancing Mortgage to Shield Debt in Asheville Divorce?

When facing divorce in North Carolina, financial decisions made before filing can shape your post-divorce stability for years to come. In Asheville, one of the most significant decisions for homeowne...

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When to Use a QDRO vs Debt Settlement in Asheville Divorces

When to Use a QDRO vs Debt Settlement in Asheville Divorces

In Asheville divorces, equitable distribution requires the court—or the parties in a settlement—to address the division of both assets and debts. Retirement accounts and outstanding liabilities a...

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Protecting Your Credit: Debt Division Strategies in Uncontested Asheville Divorces

Protecting Your Credit: Debt Division Strategies in Uncontested Asheville Divorces

In an uncontested divorce, many couples hope to reach a fair and amicable agreement on property division, spousal support, and other key matters without prolonged litigation. While this approach can ...

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