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.
- 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[...]
- Avoiding Asset Disclosure Problems by Steven J. Richardson
Both bankruptcy and divorce involve full financial disclosure of all assets, liabilities, income, and expenses. However, inconsistencies in these disclosures between a bankruptcy petition and a Case Information Statement in a divorce can lead to some serious problems. In this episode, Julie and Steve discuss the pitfalls and how to avoid them.
- How Can Bankruptcy Help in … by Steven J. Richardson
One of the biggest issues to resolve in any divorce is marital debt. Who pays it? Who is responsible? This episode will give you some great tips on how bankruptcy can help! Julie and Steve are tackling this issue as the first one in this podcast because of how important and useful it is in[...]
- Welcome to the Show! by Steven J. Richardson
Welcome to the home for our podcast, Bankruptcy Strategies in Divorce! Every month we will be posting new episodes to help you to deal with bankruptcy issues that may come up in the course of your New Jersey divorce, whether you or your spouse has filed, or whether you are filing together! If there are[...]
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