Divorce & Bankruptcy

Divorce & Bankruptcy It’s common for a debtor to file bankruptcy shortly after their non-filing spouse files for a divorce. Sometimes this is done out of necessity and other times it’s simply done out of spite. In either event, it’s actually best for both individuals to file a chapter 7 bankruptcy together, especially if both spouses have a lot of joint debt that could be erased in a little over 3 months. Automatic Stay & Bankruptcy It’s important to remember that a non-filing spouse must be very careful once their ex-spouse files bankruptcy as they could be in violation of 

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Hope Matters Radio Show for April 12, 2014

  If you or someone you know is faced with Bankruptcy or Divorce, then we are here to help! This Saturday at 10am we will be joined by Bankruptcy Attorney Stephen Dunne and Divorce Attorney Betty Lupo as they share their knowledge and expertise. Also this week Diane Hemmerle of Harvard Abstract makes her co-host debut, Joe Cunningham shares this week’s Real Time Real Estate and Ian Meierdiercks shares the Word On Wealth. Tune in this and every Saturday at 10am on News Talk 990 AM or LISTEN LIVE at www.hopemattersradio.com/listen-live    

Does Bankruptcy Erase Domestic Support Obligations?

What’s a Domestic Support Obligation? A debt that is in the nature of alimony, maintenance or support of a spouse, former spouse or child of the debtor (now defined by the term “domestic support obligation” — often shortened to “DSO”) is not dischargeable in either a chapter 7 or chapter 13 bankruptcy case. See 11 U.S.C. §§ 523(a)(5); 1328(a)(2). A debt owed to a spouse, former spouse or child of the debtor, that is not a DSO, but that is incurred “in the course of a divorce or separation or in connection with a separation agreement, divorce decree or other 

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