By Paul Chatzky | Published January 28, 2014 | Posted in Divorce | Tagged Tags: debt devision, debts and divorce, divorce, Illinois divorce attorney | Leave a comment
Division of Debts and Credit Card Balances
When a couple gets divorced in Illinois, the partners must divide both their assets and debts between them. Even if a couple has a well-executed premarital agreement addressing the disposition of separate and marital assets, they may not have had the foresight to also divide any potential debt. If the process is left to the Read More
Read MoreShould I Stay Married for the Sake of the Kids?
The decision to leave a marriage is one that most people do not take lightly — and even less so when children are involved. Children deeply desire to see their parents happily married and living together. That is not to say that parents who are not happily married should maintain a façade for their children’s Read More
Read MoreAdultery’s Impact on Your Divorce
In Illinois, you have the option of filing for a no-fault divorce. Using adultery as a ground is of rare benefit to recommend its use, especially where the parties seek to settle the issues on an uncontested basis. However, if custody and visitation are issues, then the adultery of one of the spouses may have Read More
Read MoreWhat Property Do I Keep After My Illinois Divorce?
Divorce is a financial process as well as an emotional one. The parties must formally divide their assets as well as their debts. If they cannot come to an agreement, the issue is decided by a judge under the legal principles of equitable distribution. Here are the basics of Illinois property division: Non-marital property In Read More
Read MoreDivorce Tips for Domestic Violence Victims
Every year, more than 1.3 million women experience domestic violence nationwide. In Illinois alone, there are more than 100,000 domestic violence incidents reported every year. Oftentimes, victims are trapped in a marriage with their abuser. If you are a victim of domestic violence seeking a divorce, the following tips may serve to enhance your safety: Read More
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