What are Shared Debts?
Shared Debts are debts that both parties are responsible for. Shared Debts will be divided in the event of a breakup. Responsibility for the repayment of a Shared Debt will fall on both parties, although not always in an equal amount. The amount that each party must contribute to the repayment of a shared debt depends on how shared debts are assessed in the event of a breakup.