Butler Giraudo & Meister
Peoria 309-407-3332
Morton 309-263-1204

Credit card debt can complicate an Illinois divorce

Divorce is often stressful. The process, however, can become even more complicated if credit cards are a part of the equation. An applied understanding of the law may help those going through divorce proceedings in Illinois to fight for their best interests when credit card debt is involved.

Illinois is known as an equitable distribution state. This means that a judge will divide a couple's assets and debt in an equitable manner, meaning fair but not necessarily equal. In some cases, the party that is assigned a greater amount of assets will end up being responsible for more debt as well. 

When it comes to dealing with debt as part of divorce, it is important to preserve all copies of the rulings and orders issued in court. Just because the court assigned a particular credit card debt to one's ex does not mean the credit card company will be aware of this arrangement. Moreover, both parties technically remain legally responsible for shared credit card debt, regardless of any family court ruling. The failure of the ex to make the credit card payments may end up tarnishing one's own credit report. 

Even though the Illinois divorce process can feel overwhelming at times, a person may feel more in control of the situation if the parties agree to handle matters through direct mediation or direct negotiation, instead of through formal litigation. However, if the two parties cannot find common ground in areas such as asset or property division, litigation may be necessary. In this case, a judge will make the final decisions for them, which may not be to the liking of one or both parties.

Source: The Christian Science Monitor, "Credit cards and divorce: What you should know", Robert Harrow, Dec. 6, 2016

No Comments

Leave a comment
Comment Information
  • I cannot even express in words the level of gratitude that I feel. ‘Thank you’ doesn't seem to be enough. Please know that your services and compassion will never be forgotten! I am forever grateful!

  • Thank you so much for your hard work and expertise. I feel as a father in the state of Illinois that what I am trying to achieve is nearly impossible. I am so glad I chose to have your office full of extremely intelligent women represent me.

  • We would like to say thank you for your expertise, education, and kindness when we met with you! Your confidence has helped to comfort us and give us hope that resolution of the issue is possible.

  • I just wanted to say thank you from the bottom of my heart for all your time, energy, and efforts you put into our case. Thank you for helping make our son's quality of life better. I cannot tell you how happy we are!

More Testimonials
Contact Us Today

Contact Our Lawyers About All Areas Of Family Law

We are driven and committed to a successful outcome for all of our clients. To arrange a consultation with attorney Susan Butler, Kelly Giraudo or Tamara Meister, call 309-263-1204 (Morton) or 309-407-3332 (Peoria). You can also contact our law firm by filling out the form below. With offices in both Peoria and Morton, we work hard for our clients while getting to know them as people.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Morton Office
100 S. Main Street
Morton, IL 61550

Toll Free: 888-314-9667
Phone: 309-263-1204
Morton Law Office Map

Peoria Office
416 Main Street
Commerce Bank Building
Suite 927
Peoria, IL 61602

Toll Free: 888-314-9667
Phone: 309-407-3332
Peoria Law Office Map

Morton Office Peoria Office