Real Estate Attorney serving Bloomfield Hills, MI
I do not practive divorce law but it is my understanding that, in a divorce there are two issues with a debt: who pays for it and who has possession of the property (car house etc.). Usually if the an item is in one party's name the obligation and possession stay with them.
Still, it is possible that a party can be ordered to pay on a debt but not have use of the property. With homes, there is a negotiation of what happens when the property sells, this can be done with cars too.
I recommend speaking with your divorce attorney about this.
Answered on Jan 12th, 2022 at 8:02 AM