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Home2016March 2016 - Daniel Clement

Credit Card Companies Won’t Care About How You and Your Spouse Allocate Responsibility for Debts in a New York Divorce

What’s in your wallet? Is it a bunch of credit cards carrying large balances? Can the same be said for your spouse? If so, allocating responsibility for paying down those balances will be a challenging issue in your New York divorce. The principle of equitable division in New York divorces applies not only to marital...

The major revisions to New York divorce law enacted in 2015 included significant changes to how courts will award – and terminate – temporary and permanent spousal maintenance. One of the changes the law addressed was the effect a spouse’s cohabitation with another person had on the other spouse’s obligation to continue making maintenance payments....

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