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 the payments on that obligation? How can that affect the payor or the payee? This month, Meryl and Steve discuss the impact of a bankruptcy filing on an ongoing domestic support obligation like alimony or child support.
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