How do I ensure that all of our debts are divided fairly in a collaborative divorce?

In a collaborative divorce in Delaware, it is important to ensure that all debts are divided fairly. The best way to do this is to create a thorough and accurate record of all debts and assets. This should include all loans, credit card debt, mortgages, car payments, and other financial obligations. Once all debts and assets have been identified, the parties should discuss how they would like the debts to be divided. It may be helpful to create a budget to determine how much each party can pay for their share of the debts. Once the parties have come to an agreement as to how the debts should be paid, they should put their agreement in writing. The written agreement should clearly identify who is responsible for paying each debt, the amounts due, and the payment schedule. It is also important to keep copies of all the supporting documents that prove the debt and the payments. This includes loan statements, credit card bills, and mortgage documents. By creating a thorough and accurate record of all debts and assets, making sure that each party can agree on how to divide those debts, and keeping all documentation up to date, the parties can ensure that all debts are divided fairly in a collaborative divorce in Delaware.

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How do I ensure that all of our debts are divided fairly in a collaborative divorce?

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