While debt might seem like just another part of life, it can further complicate already difficult matters. Business debt in particular can cause problems during divorce. Depending on how a business owner used money borrowed against his or her business, it may be hard to untangle that debt from marital…
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Societal perception of prenuptial agreements has changed over recent years. These legally-binding agreements protect both parties should they decide to divorce, often addressing different topics such as property division and alimony. But there is another handy agreement that is often overlooked, even in marriages with significant business interests or complex…
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Filing for divorce is an emotional process, but it is a legal one as well. This leaves plenty of room for dispute over things like business assets, retirement savings and more. It is understandable that some people in Illinois might feel compelled to "win" these disputes, but there may be…
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The stakes are high during divorce, and even seemingly small decisions can significantly influence the outcome. During a high asset divorce, a couple must seriously consider the implications of dividing certain marital property. MacKenzie Bezos apparently made a few key decisions that ensured her continued financial stability after her divorce…
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Divorce is not just for younger couples, and just because a marriage has lasted decades does not mean that it is invincible. Anyone of any age in Illinois may find him- or herself ready to end an unhappy marriage. But men and women who are 50 years of age or…
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Whether taking out an auto loan, applying for a mortgage or purchasing something with a credit card, it often seems as if debt is an unavoidable part of life. But what happens to that debt during a divorce? This is an issue that many Illinois couples will have to address…
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