The division of debts is like the division of property in that the court is charged with making a fair and equitable of debts. Often times, debts follow the award of property. For example, if a car is awarded to a party and the car is not owned free and clear, the car payments will follow the car to the party awarded that vehicle. The creditor is absolutely protected. If the parties can refinance the debt in another name, it will relieve the previous obligor.