Married couples generally share everything, which means that they will probably have to split all of the property and assets that they share in the event of divorce. The process of detangling financial accounts, personal holdings and debts can take weeks or even...
Debt division
How should you divide your debts during divorce?
When you found out that your spouse was spending money on items you didn’t know about, you started to get upset. When you realized that they had credit cards and loans you didn’t know about, you decided that enough was enough and that you wanted to get a divorce....
Being fair with the division of debt in divorce
When you and your spouse agreed to divorce, one of the issues that you wanted to make sure you covered was how much debt you’d end up being left with. Many of the debts you carry were taken out for the benefit of your spouse, so if you won’t see the results of the...
Who pays the marital debts in your Chicago divorce?
Getting a divorce is rarely a simple matter of going into court and having a judge declare you divorced. Unless you have only been married for a few days or weeks, you must sort through and address many things. Your marital estate is one of these things and is often a...