Rolling Meadows Marital Debt Lawyers
Having to split the debt after a marriage has ended can be a complicated process. Cosley Law has worked with many clients regarding division of assets and property, but also come across the division of martial debt as well. A marital debt lawyer will have a deep understanding of martial property laws and will approach the manner in a delicate way so the final decision is fair between both parties.
Bills that couples still owe from their marriage are still current and will need to have continuous payments be made until the bill is completely paid off. For example, a couple buys a car together when they are married, the payments will need to be paid until the remaining debt is paid off. Not making these payments will result in the car (or other property) to be taken because of lack of payment. This can cause a ripple in the divorce process and will cause things to take even longer than they already do.
Marital Debt Solutions for Illinois Families
Cosley Law has been around for over 20 years helping clients in the Rolling Meadows, Illinois area and the surrounding suburbs. We help them with any family issues including child support or division of assets issues such as property and financial settlements. A marital debt lawyer is prepared to fight for your rights in court no matter what the situation. The strategies and professional services provided by our lawyers produce successful results that will meet the goals and needs that you have set. We maintain a strong relationship with our clients from the beginning of the divorce process to the end making sure you understand what is going on and the next steps that need to be taken. We are available to our clients at any time and continue to have open communication with them throughout the process.
Any marital property is part of an equitable distribution process, including debt. This is called being a part of a non-community property state, which Illinois is. The court will not make this decision according to what is equal between the couple, but what is fair and adjusting it depending on your specific circumstance. If the debt was accrued by one main person, it is both parties’ responsibility since they were married when it happened, so it is considered marital debt.
Contact an Experienced Rolling Meadows Debt Division Lawyer Today
It is important to have a marital debt lawyer by your side when making these decisions because they will be able to properly negotiate your division of marital debt. The experience and skills we have will be used to divide your marital assets and making sure both parties are content with the outcome. Contact Cosley Law today to learn more about the types of marital debt you may be in or for help to sort out your marital debt.