What happens to debt in a divorce?
You and your spouse may have amassed many debts during the marriage. What happens when you divorce? As with marital assets, marital debts also must be divided. What are marital debts? Debts that accrued during the marriage are considered marital debts. Common marital debts include mortgages, car notes, business loans, tax debts and credit card charges. Debts that occurred before