Debt and Divorce
During divorce proceedings, there is a separation between marital, and separate property. In Massachusetts, marital property must be divided equitably. Marital property can include both your assets and your debts. This raises the question: how is the debt divided up? One may think that a debt incurred in one spouse’s name, will be assigned to them after the divorce; however, this is not always the case. If a debt is incurred by one spouse, prior