The fresh financial outcomes out of divorce proceedings possess long-term consequences into an effective party’s monetary stability for a long time pursuing the end of the case. Virginia is actually an equitable shipping jurisdiction, for example in almost any divorce or separation continuing, brand new routine legal comes with the expert to classify the house or property off the parties once the separate, relationship otherwise hybrid. The newest court then uses so it designation whenever submitting the fresh expenses and you will assets of one’s parties. Pursuant in order to Virginia’s equitable shipment statute, Virginia Code § 20-107.step three, the newest courtroom have to believe the costs and you may possessions from the functions, that has all actual, private, concrete and intangible property.
Brand new Legal held that the wife’s scholar financial obligation benefitted the household because the a portion of the college loans went on relatives expenses
If you find yourself Virginia’s equitable shipping statute is meant to do a good program on the office from assets and you may loans, it could keeps unintended outcomes for parties in a separation which possibly inserted the wedding with education loan financial obligation or gotten installment loans ohio education loan loans from inside the duration of its relationship.
§ 20-107...
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