In today's challenging economy, the division of marital debt can be as important an issue as the division of assets. Often, it takes a skilled attorney to properly evaluate your financial situation and guide you to a beneficial resolution. Contact a lawyer at any one of our offices to schedule a consultation.
At Esp, Kreuzer, Cores & McLaughlin, LLP, our attorneys have experience handling even the most complex situations. After completing a thorough and detailed analysis of your finances, we can provide advice and direction about how best to divide both marital assets and debts.
When discussing the division of the marital estate, individuals often misunderstand who is responsible for credit card debt or mortgage payments. All debt that is related to ordinary living or business expenses is considered marital debt. Credit cards, even if they only appear in one spouse's name, are still marital debt that the court will divide.
Mediation May Be Key
In any divorce, it is wise to consider resolving as many potential disputes as possible through mediation. Here, you are given a chance to discuss disagreements in an informal, low-stress environment. We have helped several clients resolve issues surrounding credit card debt, personal loans and other finances through mediation. Trust us to protect your rights and keep your best interests at the heart of any negotiation.
To arrange a consultation, contact Esp, Kreuzer, Cores & McLaughlin, LLP, by calling 630-871-1002 or by completing our online form. With offices in Wheaton, Oswego and Chicago, we have experience helping clients throughout Illinois.
