The court required the wife to pay 40% of the total debt incurred by the husband on his line of credit which moneys were used to cover the wife's and the family's expenses, 50% of the amount owed to the attorney in a prior dispossess proceeding, and 50% of the loan guaranteed by the husband to the wife's father. The court has discretion and flexibility to determine the most appropriate date for valuation of assets (Wegman v Wegman, 123 A.D.2d 220) and liabilities (Ducharme v Ducharme, 145 A.D.2d 737). The court may allocate liability for debts incurred for marital benefit in the same manner as to achieve an equitable distribution comparable to that of assets. (Grunfeld v Grunfeld, 123 A.D.2d 64.) The determination of the court herein was proper and appropriate.
Concur — Murphy, P.J., Ross, Ellerin, Smith and Rubin, JJ.