Be careful in your divorce to pay attention to the possible effects of a bankruptcy. Most of the time bankruptcy does not have a significant impact on the other spouse. However, if there was a delay in the allocation of… Read more »
Posts Categorized: Property Division
Our Lawyers in Woodstock IL Discuss the Needs Hierarchy
Consider contacting lawyers in Woodstock IL if you are currently in need of clarification during financial distress. When dealing with divorce or bankruptcy, it is essential to establish a needs hierarchy. The needs hierarchy is used to determine which expenses… Read more »
The 4 Steps to Achieving a Property Settlement
Dividing property during a divorce can be tricky and quite stressful. The following 4 steps can ensure that your personal property is protected and that you retain the property you rightfully deserve. An experienced family law attorney can discuss with… Read more »
Child Support or Maintenance Unpaid? Do They Have a Retirement Plan?
Often overlooked, retirement plans can be a source to finally receive long past-due child support and maintenance payments. There are tricks and limitations in Illinois, though. If you were divorced in Illinois, you ability to get funds from a 401(k)… Read more »
Bankruptcy and Divorce: What You Need to Know (Part 2)
Divorce and bankruptcy Illinois, unfortunately, may occur at the same time. In that event, there are issues regarding what parts of the Illinois divorce can proceed while the bankruptcy is pending. The issues are different if the divorce occurs after… Read more »
Military Retirement Benefits and Divorce in Illinois
Sometimes its easy to get into the habit of treating everything acquired during the marriage as divisible marital property. After all, despite anti-alienation provisions and other historical road blocks, private pensions, 401(k)s, IRAs, municipal retirement plans and virtually every other… Read more »
