Marital debt should not be divided equally 
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Published: April 20, 2010
Tags: Domestic Relations, Justice Charles S. Russell, Supreme Court of Virginia News
When the General Assembly enacted equitable distribution in 1982 as the mechanism for dividing the property of divorcing spouses, it created a presumption that property acquired during the marriage is marital – the property of both spouses.
The legislature created no such presumption for debts acquired during the marriage.
The case of Gilliam v. McGrady (VLW 010-6-052) ...
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