Dividing Debts and Marital Assets in a New York Divorce Case
Couples often have questions regarding the separation of their property and assets during a divorce proceeding. But they also need to consider the debts they and their spouse have, and how those debts will be split during the proceeding. A person’s liability for his or her spouse’s debts is varies depending on the state in which they were married. This post aims to explain the division of debt and property in New York.