Posts Tagged ‘credit card debt’

Marital vs. Non-Marital Debt: Who Owes What?

You and your spouse have come to the conclusion that it’s time to go your separate ways and file for divorce. You’ve figured out who gets the cars, the house, the furniture, even the blender someone bought you for your wedding. But when it comes to debts, how do you split those? Debt Incurred Before Marriage In Maryland, debts incurred prior to a marriage are not considered marital debt. Md. Code Ann., Family Law, §4-301. That means your spouse’s car payment, credit card debt, or student loans that were taken out prior to your marriage **will not** be your responsibility…Read More »