Property and Debt Division/Your Credit
We cannot discuss property and debt division on this website in any particular detail because each case is very different.
Typically, marital assets are divided roughly equally. Remember that property you owned prior to the marriage or received by
you from third parties by gift or inheritance is not marital. This property is set off to you individually under most
circumstances. Only marital property is divided by the Court, but non-marital assets can be considered in making that division.
If you own a closely held business you should discuss this fact with your counsel during the initial consultation. Debt is
considered in the division of assets, and the Court assigns to the parties various debt. Post-separation debt is almost always
assigned to the party incurring the debt. Joint credit cards should be discussed with your lawyer as soon as you think a divorce
is a possibility.