debts in divorce

[clevis]

my wife maintains that she has an interest in the assets but no liability for the debts in my name. is this true?

[lady_p_gold]

Well it depends if you are talking about a loan which is just in your name which she would not I imagine have liability for, however she would still have an interest in say, the marital home. However if you were to divorce and were splitting things up, then you would put down your debt as a negative on your side of the list and in the end everything goes into a pot with assets and liabilities on both sides and then you either decide amicably or the court decides how the balance of what is left is split, so in this way your debts would affect her.

[Gef]

As lady p says everything goes into the pot. If the debts were accrued whilst you were together then she is jointly responsible for them and the same goes for any assets.