Listen "14. Handling Debt and Liabilities in Divorce"
Episode Synopsis
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 timeIf 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.
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