You may have breathed a big sigh of relief once your divorce was over and done. Perhaps you received a fair asset settlement and spousal support, and you are beginning to put your life back together. Then, one day, your ex-spouse calls to tell you that he or she is filing for bankruptcy. You cannot help but wonder how this will affect your own financial situation.
What if his or her name is still on your home or another asset that was ordered to be sold and divided after the divorce? Will your spousal maintenance continue after your ex-spouse files for bankruptcy? Since each situation is unique, the best step you can take is to speak to your Will County, IL family law attorney, who can help you determine what you need to do to protect your own financial security.