Divorce is a complex and emotionally charged journey, and few aspects create as much anxiety as the division of finances. While discussions often center around assets like homes, investments, and retirement accounts, the question of who pays for what debt can be equally, if not more, daunting. In Illinois, debt division is a critical component of property distribution, and understanding how the courts approach it is essential for protecting your financial future. Unlike some states that mandate a 50/50 split, Illinois is an "equitable distribution" state. This means that marital debts, much like marital assets, are divided fairly, but not necessarily equally. The goal is a just allocation, taking into account various factors specific to your marriage. Let's delve into the intricacies of debt division in an Illinois divorce. Understanding Marital vs. Non-Marital Debt The first crucial step in navigating debt division is categorizing whether a debt is ...