Once marital debt is divided between both spouses, does it have to be paid off in full before the divorce is finalized?
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Once marital debt is divided between both spouses, does it have to be paid off in full before the divorce is finalized?
Asked on May 14, 2012 under Family Law, New York
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
No, it does not have to be apid in full before the divorce is granted. So long as all the debts and assets are divided between the parties and so long as an agreement is signed by both parties the courts will uphold the agreement - generally and as long as it is not so one sided - that the parties have come to. Good luck
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