Legal Question in Family Law in Illinois
college loans
If the husband attends college and takes out college loans while married is he soley responsible to pay back the loans or are both the husband and wife responsible for the loan?
Asked on 7/24/07, 6:40 pm
1 Answer from Attorneys
Peter Olson
The Olson Law Firm, LLC
Re: college loans
That type of loan is surely marital property that is subject to be dividing by a court. So if you have a contested trial a judge could stick you with a part of those loans. My practical experience is that most judges always require the party taking out the loans to pat them back but I'd like to hear about your respective financial positions...that's relevant to how a court might divide debt.
Answered on 7/25/07, 9:03 am
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