Many people wonder how court-ordered financial obligations to other people (such as spousal support or alimony) fare in the bankruptcy court.
The specific laws and rules governing bankruptcy vary state by state, so if you want to know a firm answer about how your case will work, your can contact a bankruptcy lawyer practicing where you live. You can ask your questions directly to a local attorney in a free consultation. Just fill out the case review form below to get started now.
However, there are some federal laws that govern spousal support in bankruptcy, and these include the following.
Another common question potential bankruptcy filers have has to do with income loss and spousal support. What happens if, since the determination of alimony or child support payments, the responsible party loses his or her job or otherwise suffers a reduction in income?
The answer depends on a number of factors, one of them being the person’s state of residence. In most cases, though, any modifications to support payments would have to be made by the family court, not the bankruptcy court.