Dissipation and Marital Debt

As a rule, debts incurred during a marriage are marital, but not all debts incurred during a marriage are marital.

Courts look with disfavor on dissipation of marital assets. Depending on the situation, debt incurred through gambling, high living and reckless investment may not be a joint responsibility, even when the obligation occurred during the marriage. Courts consider this dissipation and debt caused by dissipation of assets is not marital.


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