How is marital debt divided in New Jersey divorce cases?

By Rosanne DeTorres
September 30, 2013

Rosanne DeTorres, a family lawyer in Flemington, answers:

Debts are not uncommon at a time of divorce. Often times this is what may instigate the problems that lead a couple down the road to separation. Debts are usually divided in a manner that approximates the parties’ respective earnings ability and ability to pay. However, we also see debts divided equally on the basis that both parties equally contributed to the creation of the debt. It is best if debts can be satisfied from assets of the marriage if possible so both parties leave the marriage debt-free.

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September 30, 2013
Categories:  Financial Issues|FAQs

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