Park v Park - [1980] 2 NZLR 278

Husband and wife — Matrimonial property — Debts — Division of matrimonial home — Agreed value of house $23,000 - Husband had borrowed $8000 to repay mortgage — Whether husband's debt should be deducted from value before division — Whether extraordinary circumstances existed rendering equal sharing repugnant to justice — Matrimonial Property Act 1976, ss 14 and 20.