What happens to joint debts when we divorce in Florida?
Joint debts become a part of equitable distribution, which is a division of all the marital assets and debts. It depends on the whole set of facts and circumstances for your particular case as to who ends up paying for what. Frequently that is decided through mediation where the parties agree in an amicable fashion as to who pays for what, and sometimes it happens in court where we ask the judge to decide. It depends on what assets people get, as far as what debts people get, their financial positions moving forward, their abilities to earn income at the end of the divorce. There are several factors that come into play.
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