What happens to the house during a divorce if you bought it before you were married? Courts in Tampa and throughout Florida apply the principal of equitable distribution when dividing the assets and debts between husbands and wives during a divorce. Before the assets and debts are equitably divided, it is necessary to first determine what assets and debts are nonmarital and which are marital. Generally, any asset and debt acquired during the marriage is considered marital and subject to equitable distribution between spouses. Under certain circumstances there can be exceptions in equitable distribution, these can include inheritance, gifts received by one spouse from someone other than their spouse and assets or debts that existed before the parties were married.