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Manual > 11 - Property and Debt > Bringing it Together

Bringing it Together

Ultimately, the mediator will want to chart the parties' property and debts, including a description of substantial items, agreed-upon value, associated debt, and who will receive each asset or debt responsibility. It is typical that the mediator will need to assist parties to "close the gap" between them. Mediating parties are often confronted with the need to "make up the difference" between them to bring their overall property and debt division together.

One common mechanism for doing this is to adjust the division of net proceeds from a planned sale of the marital home. Another handy mechanism for accomplishing balance is a "money judgement." Under this arrangement, one party is ordered by the court to pay the other a certain amount of money according to described terms, including a payment schedule. This debt obligation is enforceable as a judgement, and may also be secured by real property.



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