Unfortunately, in general, just as any property or increase in value of property accrued during the marriage is marital property subject to division, so is debt. There may be situations or factors that change your obligation on the debt, and certainly a savvy attorney can help you find any loopholes. With $88,000 at stake, I definitely suggest you consult with an attorney.
- Kelly L. Snodgrass
Answered on Jan 04th, 2012 at 1:00 PM