Except for parenting time, almost everything in an Illinois divorce is about who owes what to whom.
The transfer of assets, debts and other financial transactions are done pursuant to the orders that were entered by the Illinois divorce court. When a transaction that was ordered does not occur on time, the party owed the money has a money judgment.
A money judgment is “a court’s official decision with respect to the rights and obligations of the parties to a lawsuit…A judgment, of course, may require one party to pay money to another.” In re Marriage of Logston,
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