Ex-Files: Should our debts be joint or separate?

Ex-Files: Should debts be joint or separate?

After separation, it is not just assets that need to be divided between ex-spouses or partners but also debts.

If the debt is a joint/relationship debt the separating parties will be equally liable for half the debt.

“Separate debts” will remain the responsibility of one of the partners/spouses.

To read the full article on the NZ Herald website click here

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