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2011 SESSION

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HB 1569 Marital debts; equitable distribution.

Introduced by: William H. Cleaveland | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Equitable distribution; marital debts.  Provides that for purposes of equitable distribution in divorce actions, the court is required to classify debts of the parties as either marital or separate. The bill defines what constitutes a marital debt and a separate debt for purposes of classification and establishes how a party may rebut such a classification. This bill is in response to the Virginia Supreme Court's decision in Gilliam v. McGrady, 279 Va. 703, 691 S.E.2d 797 (2010).


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