Legal Question in Family Law in Illinois
Money was awarded in a divorce settlement outlining a payment plan. The debtor did not pay it so a Judgment for a property lien was granted. Is this unpaid money an asset if not received by the awardee?
Asked on 5/04/12, 9:53 pm
2 Answer from Attorneys
Jonathan Shimberg
Shimberg and Crohn, P.C.
Yes, it is an asset. It may mot be worth whst is owed, but it is an asset.
Answered on 5/06/12, 6:02 am