Posted on Jul 20, 2010 By Soo J. Hong
Filing bankruptcy in the middle of a contested divorce is usually not a good idea. Debt awarded in a divorce decree is not dischargeable in a Chapter 7. It all comes down to whether the debt is ...
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Posted on Jul 20, 2010 By Soo J. Hong
Domestic Support Obligation (DSO), child support and alimony, are not dischargeable under any type of bankruptcy and must be paid. Under bankruptcy law, DSO is defined as any debt 1) incurred before ...
Continue reading "Divorce and Bankruptcy: Domestic Support Obligations v. Property Settlement" »