How is Marital Debt Divided in a Georgia Divorce?

When couples divorce distribution of property issues are usually an important consideration. However, marital debt can be just as important. Georgia is an equitable distribution state. This means one spouse runs the risk of shouldering more than half the marital debt assigned during a divorce. Although equitable means fair, it should not be confused with equal. Parties may not feel they have been treated fairly by the courts. Courts in equitable distribution states are not obligated to split marital property or debts 50/50. Judges can take several factors into consideration, including how much the parties earn and their ability to pay. Debts may be distributed 60/40, or even 80/20. How is Marital Debt Divided in a Georgia Divorce Factors Judges Will Consider When Apportioning Marital Debt in Georgia In equitable distribution states like Georgia, judges can consider a range of factors when dividing both assets and debts. They include: How much the respective spouses earn Theā€¦

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