The starting place for our exploration of bankruptcy and family law is support. Whether it’s called alimony, maintenance, or support, any amounts due at the commencement of a bankruptcy case are non dischargeable. Actually, since BAPCPA, it’s called a domestic support obligation. It got a statutory definition, as well: (14A) The term “domestic support obligation” means […]
Bankruptcy And Family Law : Your New Frontier
By Filed Under: Bankruptcy Practice, Family Law in Bankruptcy
Divorce is one of the three major predictors of bankruptcy filing, along with job loss and illness. Families that might have been making it as a single household are now two households. Debts manageable before are now crushing. Or, families weren’t making it and the stress over money troubles hastens the end of the marriage. […]
