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National News

The Times of India

National / The Times of India

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New York court orders husband's loan repaid from joint home's sale proceeds

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, and the court ruled that debts incurred for marital assets are communal liabilities.

24 Oct 2026 8:25 pm