Divorcing couples understand that Equitable Distribution is how assets and liabilities are divided.
Separating married couples have several larger assets such as homes, retirement accounts and businesses to be divided. These assets may be divided in a Rhode Island Divorce based upon the factors listed in the equitable distribution statute. However, parties debt more difficult to resolve. Because of the slow real estate market, many Rhode Island couples face tough choices centered on their homes. Do they try to sell the home in a slow market or does one party "buy-out" the other? Can either party refinance the current debt? Can either get a mortgage loan to buy a new home? My work, as either a Rhode Island Divorce Mediator or Rhode Island Divorce Attorney is made easier when parties have borrowing choices available.