How Filing Bankruptcy Can Disrupt Alimony, Child Support, and Insurance Obligations

Update: 2014-02-25

Description

Even after a divorce is final, its effects can linger on. One spouse or the other can be obligated to pay alimony and/or child support, along with maintaining life insurance to protect that stream of income. But what can happen when one spouse files bankruptcy and reveals a higher income than that used to calculate the payments on that obligation? How can that affect the payor or the payee? This month, Meryl and Steve discuss the impact of a bankruptcy filing on an ongoing domestic support obligation like alimony or child support.

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How Filing Bankruptcy Can Disrupt Alimony, Child Support, and Insurance Obligations

#box-pro-ellipsis-176082257365695{-webkit-line-clamp:2;}How Filing Bankruptcy Can Disrupt Alimony, Child Support, and Insurance Obligations

How Filing Bankruptcy Can Disrupt Alimony, Child Support, and Insurance Obligations

How Filing Bankruptcy Can Disrupt Alimony, Child Support, and Insurance Obligations