How is debt divided in a divorce in Florida?
Table of Contents
How is debt divided in a divorce in Florida?
Are debts divided in a divorce? Yes, debts acquired during the marriage are typically treated as marital property in Florida divorce cases. Therefore, debts will be divided 50/50, unless there are reasons why an equal split would be inequitable (unfair).
How is credit card debt divided in a divorce?
The basicsMost importantly, try to leave your marriage with no joint debt.Pay off the joint cards together or divide up the debt on joint cards and transfer it to cards in each partner’s name.Cancel all undiscussed joint credit cards.Clearly agree to who will pay off the debt on which cards.
How is furniture divided in divorce?
Take turns saying which item you want from the list. Once you or your spouse reaches half of the value of the list, the remaining items go to the other spouse. You and your spouse can also divide the property into what you agree are two piles of equal value. Then, flip a coin.
