How is the division of family assets determined in the context of family debts?
British Columbia, Canada
The following excerpt is from Hadjioannou v. Hadjioannou, 2013 BCSC 43 (CanLII):
In order to ensure equality and fairness, the division of family assets is based on the net value of the family assets, after the family debts are deducted; however debt itself may not simply be divided between spouses: Karisik v. Chow, 2010 BCCA 548 at para. 56.
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