How is marital debt typically divided on divorce in Maryland?

The court will consider the marital debt when dividing the property. Marital debt generally is debt undertaken to purchase a marital asset. For example, if you are awarded a car valued at $12,000, but you owe $10,000 debt on the same vehicle, the court will take that debt into consideration in the overall valuation of the assets. Other debts such as credit card debt not attached to property can be considered by the court as an other factor in determining monetary award. If your spouse incurred debts that you believe should be his or her sole responsibility, tell your attorney debts will normally be assigned to the party and whose name they are held.



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