Category: Debt Division Attorneys

How Is Debt Division Determined In An Illinois Divorce?
debt division
Posted March 26, 2024

In the context of divorce, debt division refers to the process of allocating and distributing marital debts between spouses. Marital debts encompass any debts incurred during the course of the marriage, regardless of which spouse incurred the debt or whose name the debt is in. These debts can include mortgages, credit card debts, car loans, […]

Read More
How Is Debt Division Handled In An Illinois Divorce?
Posted December 21, 2021

Dealing with debt is perhaps one of the most difficult aspects of a divorce. Disputes over who gets to keep the family home, who gets the savings accounts and cars can cause several difficult arguments during the asset division process. This is why most couples hire specific Schaumburg debt division attorneys to determine who gets […]

Read More