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May 2014 Archives

Is your student loan debt considered marital property?

We talk about student loans a lot when discussing bankruptcy, but did you know that this type of debt could actually come up during your New York divorce? For many younger couples today, part of getting married simply means that they will be taking on each other's debt. Although some existing debt may be considered joint marital property, student loans generally do not fall into that category. That is, the person who incurred the educational debt will likely still be responsible for it even after a breakup.

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