Managing your credit rating when getting a divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, April 3, 2013. Simply getting a divorce has no impact on the credit ratings of Illinois residents, but financial changes associated with splitting up a marriage can lead to lowering an individual’s credit score. This is why people who are considering a divorce should be proactive about tracking

Divorce typically has multiple financial side effects

On behalf of The Walters Law Group, Ltd. posted in Divorce on Thursday, March 28, 2013. According to financial advisors, many individuals who get divorced fail to understand how much of a long-term impact the process can have on their financial status. Divorces may directly change the lives of many Chicago families and their assets, but they also affect

Most divorces benefit from aid of attorney

On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, March 20, 2013. When a couple in the Chicago area decides to end a marriage, there are many matters that must be addressed. Often one of the biggest issues is how assets will be divided. Depending on the individual, this can be overwhelming. That sense of

Older couples divorcing at increasing rate

On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, March 13, 2013. While perhaps not the demographic that most often comes to mind when one thinks about divorce, those over the age of 50 are nonetheless seeking to end marriages at an ever increasing rate throughout the nation, including the Chicago area. Currently, 1 in

Is keeping a house after a split a good idea?

On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, March 6, 2013. As anyone in the Chicago area who has gone through a divorce knows, there are many adjustments that need to be made as a result of the process. While exactly what those adjustments are varies from divorce to divorce, a common issue for many

Divorce filings increase after Valentine’s Day

On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, March 1, 2013. Valentine’s Day usually represents love and romance. More recently, however, it may also represent the calm before the storm. The day after Valentine’s Day has become one of the busiest days for divorce attorneys and the increase in divorce filings has made February

Man behind in child support told to stop having kids

On behalf of The Walters Law Group, Ltd. posted in Child Support on Friday, February 15, 2013. Most are probably aware that there are consequences for not paying child support amounts ordered. Recently we wrote about several Chicago area residents who were arrested for failing to do so. A judge in another state has taken extreme measures in response

Couples’ games unhealthy for kids of divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, February 13, 2013. Divorce is not easy for anyone one, but when Chicago couples have kids there’s a little more to worry about. When people are hurt and disappointed about the failure of their marriage, it can be hard for parents not to reveal some of

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