Los Angles & Dallas, TX bankruptcy filers often file for bankruptcy to evade child support and alimony immediately after the divorce. However, it is important to note that child support and alimony fall under non-negotiable debts and should continue even after declaring bankruptcy. Many filers also want to seek to stay on the property divisions that were settled as per the divorce decree to prevent losing their assets. However, it is important to note that declaring bankruptcy will usually not overturn any domestic court decisions regarding the division of property, alimony, and child support.
What are the important aspects to keep in my mind?
- Bankruptcy can stay or halt any foreclosure or asset claim or any other domestic or non-domestic case that impacts the financial status of the borrower
- It is also important to note that domestic cases like divorce, custody and other family matters will continue as per the schedule, and declaring bankruptcy might not have an impact on their schedule
- As discussed previously, most of the liability arising from a divorce decree is non-negotiable and filing of bankruptcy might have a nominal impact on them
- If there is any claim by the spouse on the property of the borrower, it should be filed through bankruptcy court. These claims could also be the ones that have been granted through the domestic court rulings
- There is a possibility to evade any pension support grants under certain circumstances. Log on to https://recoverylawgroup.com/bankruptcy/ to know more on those lines
Considering multiple aspects of bankruptcy and divorce, every borrower or bankruptcy filer’s situation might be unique and different. It is often difficult to provide a blanket solution that works for all in these scenarios. The hiring of an expert becomes crucial in this matter as, during this crunch time, the mind is not able to focus and take decisions at 100% capacity. If you are in a dilemma and need the best way out, just dial 888-297-6203 and have professional solutions for your problems instantly.