What happens to joint debts and liabilities in a divorce in New York? In a divorce in New York, joint debts and liabilities are typically addressed through the equitable distribution process. Here's an overview of what happens to joint debts and liabilities:
Identification of Joint Debts:
The first step involves identifying all joint debts and liabilities incurred during the marriage. This may include mortgages, car loans, credit card debt, and other financial...