Division of Debts in Divorce - Overview (C)Bruce Clement
One important task for the court in a divorce is to divide the responsibility for paying debts between the parties. The basic rule is that responsibility is equal, and that debt should be divided equally. However, divorce court is a "court of equity", and the judge can actually divide marital debts in any way the judge feels is fair. For more information on how the court divides assets and debts in a divorce, see my Blog on Distribution of Assets and Debts.