Equitable Distribution and Debts in North Carolina
Assets like real estate and bank accounts may be the first types of property to come to mind when thinking about equitable distribution in divorce cases, but debts can also be distributed in North Carolina divorces. In the case of Read v. Read, Husband was ordered to pay a percentage of Wife’s student loans because a large portion of the loans were used to cover living expenses for the spouses and their children while Wife was in school. Continue reading →