First, we divide the assets of the marriage, and then we divide the debt equitably. We divide the assets 50-50. We divide the debt by percentage of income, and then, once we do that, we look to see where both parties stand, financially: What percentage of the assets and debts does each of you have?
Then, if there are children, we calculate in child support. And finally, we calculate spousal support to equitably divide any remains of net income.