Marriage is not only an emotional pact you make with a significant other, it is a legal and financial commitment that requires trust in order to last. Among the reasons someone might file for divorce is financial infidelity, spending money without a spouse’s knowledge that can quickly lead to divorce. Financial infidelity is an outright…Read More
Filing Bankruptcy Before or After a Divorce
Couples that are considering divorce may also be weighing bankruptcy protection to tackle a difficult financial situation. Many wonder if it is better to file before or after the divorce. First consider that getting tangled up in a bankruptcy proceeding during a divorce can delay the distribution of marital assets and liabilities until the filing…Read More
How an Illinois Divorce Can Damage Your Credit Score
Even if your divorce decree specifies that your spouse is responsible for particular debts incurred during a marriage, your credit score may still be at risk if your spouse does not make timely payments on accounts that are under your name also. The problem is that the parties that extended the credit in the first…Read More
