A Chapter 13 bankruptcy repayment plan can help someone get current if they are behind on alimony and child support. But what if you are the payee spouse? How can you protect your rights? Fortunately, there are several provisions in the bankruptcy code that protect the payee spouse. Steve and Meryl talk about what a non-debtor spouse can do to insure that he or she is paid.
- Top 3 Divorce Mistakes That… by Steven J. Richardson
In most cases, financial difficulties put strain on a marriage that leads to divorce. In those circumstances, bankruptcy can be helpful. But in this episode, Meryl and Steve talk about how financially secure couples can end up in bankruptcy because of how they handle their divorce! Learn how to avoid these mistakes!
- How a Prenuptial Agreement … by Steven J. Richardson
Prenuptial Agreements are often used to negotiate many terms of a divorce in advance of the marriage itself. However, they cannot definitively allow you to preplan a bankruptcy discharge of your obligations under it. In this episode, Meryl and Steve talk about why these agreements cannot be worded in such a way as to create[...]
- How a Chapter 7 Bankruptcy … by Steven J. Richardson
You may have agreed upon (or had a judge order) the equitable distribution of your marital assets in your New Jersey divorce. But the chapter 7 bankruptcy filing of one of you can put that distribution into jeopardy. In this episode, Meryl and Steve talk about how to approach this problem!
- How Filing Bankruptcy Can D… by Steven J. Richardson
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[...]
- How Bankruptcy Can Interfer… by Steven J. Richardson
One common provision in New Jersey divorce decrees is for the educational expenses of the children. In other words, who pays for what in connection with the kids going to college? Filing bankruptcy at any point in this process, whether it is to deal with marital debt or debt incurred after the divorce can cause[...]
- How an Unexpected Divorce F… by Steven J. Richardson
A bankruptcy can certainly help you in your divorce if you are weighed down with marital debt. A chapter 13 can also help save a home from foreclosure or get a tax debt paid affordably. But one thing that can really devastate a chapter 13 repayment plan is an unexpected divorce filing. Meryl and Steve[...]
- How Creditor Liens Can Haun… by Steven J. Richardson
Bankruptcy can often be a useful tool in simplifying your divorce by getting rid of marital debt. However, when a creditor has a lien against a marital asset that is subject to equitable distribution, this can still be a problem. In this episode, Meryl and Steve talk about the pitfalls and how to avoid them.
- What to Do If Your Spouse F… by Steven J. Richardson
A Chapter 13 bankruptcy repayment plan can help someone get current if they are behind on alimony and child support. But what if you are the payee spouse? How can you protect your rights? Fortunately, there are several provisions in the bankruptcy code that protect the payee spouse. Steve and Meryl talk about what a[...]
- How to Mess Up Your NJ Divo… by Steven J. Richardson
A useful and well thought out bankruptcy strategy can make your divorce much simpler and easier. However, filing bankruptcy without proper thought to the issues can make matters worse. Steve and Meryl talk about ways in which bankruptcy can cause problems for your divorce in this 4th episode of the podcast.
- Timing the Bankruptcy Filin… by Steven J. Richardson
Many people getting divorced are in serious financial difficulty and considering a chapter 7 bankruptcy to get a fresh start. Sometimes that difficulty is the very reason for the divorce! But the question that is often raised is, which comes first? Do I get divorced and then file, or do I file and then get[...]
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