Who is responsible for paying debts in a divorce?

In Massachusetts, both parties in a divorce are responsible for paying the debts that were accumulated during the marriage. Usually, the court will divide the responsibility of paying debts according to their fairness. This means that the court will look at the income and assets of each spouse to determine which spouse should pay which debt. Generally, if one spouse has a higher income or more assets than the other, they will be responsible for paying a greater portion of the debt. In some cases, the court may award one spouse a larger share of their debt in order to make the settlement fair. It is important to note that, even though one spouse may be assigned a larger share of the debt, responsibility of making those payments ultimately lies with both parties. Therefore, both spouses are responsible for ensuring that all debts are paid in full. Additionally, the court may order one spouse to pay the other for any debts owed to them. This could include any money that was loaned to the other or any assets that were taken without consent or permission. Ultimately, responsibility for paying debts in a divorce is determined on a case-by-case basis by the court. It is important that both parties understand their obligations in regard to their debts so that the process can be completed as fairly as possible.

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Who is responsible for paying debts in a divorce?

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