Marital breakdown can change your financial situation drastically, especially if you have to make court-mandated payments to your former spouse after your divorce. If you’re in this position, you may well be wondering How does bankruptcy affect alimony and child support payments? Unfortunately, bankruptcy generally cannot get you out of paying child support or alimony in Massachusetts. However, it can create space in your financial life generally,[ ... ]
Bankruptcy and divorce both have serious implications when it comes to your property; so, what happens when you have to undergo both at the same time? The impact of bankruptcy on property division in divorce is multi-faceted and highly complex; if you’re facing this situation, you should consider speaking to a lawyer. You likely have a lot of questions about how you should handle your property at th[ ... ]
Divorce and bankruptcy are among the most personally and practically challenging processes life can throw at you; when you have to deal with both at once, it can be completely overwhelming. Understanding how bankruptcy affects divorce is crucial if you’re in this situation. Here, we untangle the details of these kinds of scenarios, and help you understand what to expect if you’re dealing with the prospect of both divorce and bankruptcy. How B[ ... ]