Division of Assets and Debts
In New Jersey, if you are getting divorced or separating, you will need to divide your assets and debts. This process, referred to as Equitable Distribution, can be challenging and often leads to disagreements between spouses. It is important to hire an experienced attorney who can handle any asset and debt distribution and protect your interests and those of your children throughout the divorce process.
New Jersey follows the principle of equitable distribution, which means the assets, property, and debts accumulated during the marriage will be divided fairly and equitably by the court. However, this does not necessarily mean equally. An experienced attorney will be able to advise you on what is fair and reasonable in your case. Division can be achieved through direct negotiations, attorney negotiations, mediation, arbitration, or a court trial.
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