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

In a collaborative divorce in New York, it is important that all debts are divided fairly between both parties. The first step to ensure this is to create an honest assessment of the marital debts. This includes discussing loan amounts, credit card balances, and other forms of debt. Both parties should detail debts that have been accumulated throughout the marriage to make sure that all debts are included in the discussion. The next step is to develop a plan for how the debts will be divided. This often requires negotiations between both parties, and a lawyer or mediator may be needed to ensure a fair outcome. It is important to keep in mind that both parties are responsible for the debts they took on during the marriage, even if only one person’s name is on the loan or credit card. Once the division of the debt has been negotiated, it is important to ensure that both parties actually pay the debt in full. This can be done by setting up automatic payments or having the other party pay all debts associated with their name. In conclusion, it is important to be honest and transparent in assessing and dividing the marital debts to ensure a fair outcome in a collaborative divorce in New York. Professional help from a lawyer or mediator can help both parties reach an agreement that meets their needs. By following these steps, both parties can ensure that their debt is divided fairly in the collaborative divorce process.

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

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