Friday, October 28, 2011

Divorce debts

There are two major categories of debts incurred during or after a divorce, and it is important to determine the nature of these debts in order to determine whether the bankruptcy court can provide any relief. The first type is a domestic support obligation such as a child support or alimony. As you may expect, neither the ongoing support payments nor past due payments can be discharged in bankruptcy, and the automatic stay from a bankruptcy filing does not stop the collection activities on these obligations.