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Posts tagged "division of debt"

Hiding assets in a Massachusetts divorce has serious consequences

When it comes to divorce in Massachusetts, while it can certainly be confusing, one easy to comprehend rule is that everything related to finances must be fully disclosed. This means every single asset -- purchased together or otherwise -- and every single debt -- again, together or otherwise -- is supposed to be listed by each spouse on the financial affidavit.

Debt is a central issue in Massachusetts divorce proceedings

Although debt is becoming less of an issue each year as individuals reduce their financial obligations, it still remains a significant problem for many couples. According to an article by The Augusta Chronicle, the division of debt has become a larger hurdle than the division of assets in many divorce proceedings in Massachusetts and elsewhere.

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