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How is Debt Handled in a Divorce

October 2, 2015

More often than not, this depends on the type of debt owed, if there are any assets tied to that debt, and whether the debt was incurred before the marriage or during. Since Alabama is an equitable distribution state, if the parties cannot reach an agreement, the Court will divide the debt as what they consider fair. Keep in mind that this does not mean that the debt will be divided “equally” or “in half”. If you are going through a divorce or are considering divorce, our attorneys can sit down with you and explain your options.