Tag: debt division

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 […]

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How Do I Make Sure My Ex Pays Their Share Of Our Debts?
Posted February 18, 2021

Debt division In Illinois is different post-divorce compared to other states. Unlike the latter, the former requires that marital debt be divided equitably, not equally. In other words, a 50/50 division is not allowed. That’s because a number of factors are taken into consideration when it comes to determining who is responsible for what post-divorce. […]

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