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November 2011 Archives

Post-recession divorce methods to divide a mortgaged home

The end of a marriage includes a distribution of shared property, but asset division also includes dividing debt between divorcing partners. The home a couple shared through marriage was once seen as a desirable asset during divorce. Since the collapse of the housing market, the asset has now turned into a burden for some.

City and state attorneys want spousal support laws to change

The New York State Law Revision Committee has until the end of the year to report on recommendations about a year-old, formula-based spousal maintenance law. The New York City Bar Association wants the committee to widen the use of the formula to include Family Court divorce cases.

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