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From The Times of India

Center Owned by Bennett, Coleman & Co.

A NY court ruled a husband’s loan on his own home to buy a marital house must be paid from its sale

A NY court ruled a husband’s loan on his own home to buy a marital house must be paid from its sale

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In a significant ruling, a New York appeals court has set guidelines for managing debts tied to a marital home amid divorce. The judges determined that a husband can recoup his home equity loan debt from proceeds of a jointly owned house. This arose from a loan secured against his separate property…

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