))
Handling Debt and Liabilities in Divorce
Manage episode 491870130 series 3655003
Content provided by Bobby Buchanan | Illinois Divorce Lawyer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bobby Buchanan | Illinois Divorce Lawyer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Dividing assets is only one part of the financial puzzle in a divorce—what about the debt? In this episode of the Illinois Divorce Guide Podcast, Greer Howard and top Illinois divorce attorney Bobby Buchanan break down how debt is handled during a divorce in Illinois.
From mortgages and credit cards to medical bills and tax liabilities, they discuss the emotional weight and legal complexity of splitting debt, how “marital” vs. “non-marital” debt is defined, and why staying informed is critical—whether you're preparing to file or already separated.
You'll also learn:
💳 What happens if your spouse racks up credit card debt during separation
🏥 How medical or cosmetic procedures can impact your financial settlement
🏡 Why staying in the marital home could mean taking on the mortgage
📉 How failing to address financial issues early can cost you—big time
If you’re considering divorce, this episode offers clarity on a topic most people overlook until it’s too late.
🎧 Subscribe, rate, and review the show—because knowledge is power during divorce.
Disclaimer: This podcast is for informational purposes only and does not constitute legal advice. Please consult a professional for legal guidance specific to your situation.
Connect with Us:
📺 Watch More on YouTube: https://www.youtube.com/@illinoisdivorcetv/
🌐 Learn More: https://www.rbbfirm.com
📞 Consult Bobby’s Firm: 312-757-4833
📧 Email: [email protected]
If you found this episode helpful, be sure to subscribe, rate, and review to help others going through the divorce process.
15 episodes
Share
