Title : Debt, Credit Cards and Divorce - Who Will Be Responsible to Pay the Marital Debt?
link : Debt, Credit Cards and Divorce - Who Will Be Responsible to Pay the Marital Debt?
Debt, Credit Cards and Divorce - Who Will Be Responsible to Pay the Marital Debt?
Rhode Island has no specific statute related directly to assigning Marital Debt in a Rhode Island Divorce. Theoretically, issues concerning Marital Debt are determined under the RI Equitable Division Statute RIGL 15-5-16.1. If the matter goes to a full trial on the merits, which is unlikely, the judge must rely on the equitable division statute 15-5-16.1 to determine assignment of assets as well as debt. Please contact a Rhode Island Divorce Lawyer / Attorney about your RI Divorce case. All debt incurred by husband and wife during the Course of the marriage constitutes marital debt. Debt incurred prior to the marriage is the responsibility of the person who incurred the debt.
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