Honoring a Student Loan After Divorce
November 10, 2023Exploring Factors Affecting Student Loan Distribution in Divorce Proceedings in Passaic County, New Jersey In most divorces, marital assets and debts are equitably divided, meaning a fair split, given the parties’ circumstances. Separate assets and debts are typically awarded to the party who owned the property or debt before the marriage. Thus, when it comes to student loans, the distribution depends on when the spouse incurred the loan and how the loan benefitted the marriage. So, for example, a student […]
