During an Illinois divorce, a couple’s marital estate is divided according to the law. In that marital estate is more than a couple’s assets and income. Debt is factored in as well. This can be especially problematic in a divorce, and not just because it can affect the amount of one’s settlement. Without representation from a Wheaton, IL divorce lawyer, negotiations can become difficult fast.
Couples might have different values when it comes to money and debt, and one party may have contributed more to the couple’s debt load than the other. Alternatively, one party may have less of an ability to repay the debts because they have a fixed or limited earning ability. Whatever the situation, parties are encouraged to educate themselves on dealing with debt in a divorce, and that includes learning how to go about deciding who should pay for the couple’s credit card debts.