When Illinois couples prepare to get divorced, it is important for each spouse to protect their own finances. Since married couples typically intermingle their money and assets, getting divorced involves a division of everything the couple owns, including debts. One of the first steps a person can take is to close joint accounts. Closing joint accounts and opening separate credit card and bank accounts can prevent questions about whether joint debts were created before or after the couple's separation. It can also give each party the opportunity to establish credit in their own name.