Can You Divorce Away Marital Debt?
Dividing marital debt can be one of the most challenging parts of the divorce process, as spouses often disagree about who should be responsible for debts like mortgages, loans, and credit card balances. Determining if the debt is marital or separate is the first step, with debts acquired during the marriage typically shared, regardless of whose name is on the account. If an agreement can’t be reached, a judge will divide the debt based on factors like asset distribution, marriage duration, and each spouse’s financial situation.