Are people divorcing in Ohio required to liquidate all assets such as a rental property?
Because the landlords are receiving the income from the property, this is not the type of debt that is discharged in bankruptcy. It is more likely that a loan against the property would be dealt with through the bankruptcy process. Ohio is an equitable distribution state, meaning that in a divorce, the property will be divided under principles of fairness. Liquidation of all assets isn't required, but it is possible that an item may be sold to satisfy the amount owed to the other spouse.