Agreement for the Division of Assets (Over $100) and Assumption of Liabilities / Debts - DeKalb County, Illinois

Agreement for the Division of Assets (Over $100) and Assumption of Liabilities/Debts is a legal document that was released by the Circuit Court - DeKalb County, Illinois - a government authority operating within Illinois. The form may be used strictly within DeKalb County.

FAQ

Q: What is the purpose of the Agreement for the Division of Assets?
A: The purpose of this agreement is to divide assets and assume liabilities/debts.

Q: What is the jurisdiction of this agreement?
A: This agreement is specific to DeKalb County, Illinois.

Q: Does this agreement apply to assets worth over $100 only?
A: Yes, this agreement specifically covers assets valued at over $100.

Q: What does 'assumption of liabilities/debts' mean?
A: Assumption of liabilities/debts refers to taking on the responsibility for existing debts or financial obligations.

Q: Are both parties required to sign this agreement?
A: Yes, both parties involved in the division of assets must sign this agreement.

Q: Is this agreement legally binding?
A: Yes, this agreement is legally binding once signed by both parties.