Bankruptcy and Alimony
With bills piling at your doorstep and creditors constantly knocking on your door, you may need to file bankruptcy to best reconcile your finances. While you may think bankruptcy is an easy out for all of your debts (depending on which chapter you file), this is not always the case.
Some debts cannot be dismissed under bankruptcy, including debts that you owe to a former spouse. If you are currently thinking about declaring bankruptcy, contact the Boca Raton bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2800 to learn more about settling your debts.
Understanding Alimony Payments
When you get divorced, you must settle several things with your ex-spouse. Aside from determining division of property and debts, child custody, and child support, you must also determine whether one spouse is entitled to financial compensation from the other spouse.
This financial compensation is called alimony and is sometimes referred to as spousal support. You usually have to pay alimony to your spouse when he or she depended on your income during the marriage. Depending on the length of the marriage, this may be a temporary or permanent payment.
You are legally obligated to pay this support to your ex-spouse for the determined period of time, regardless of your financial situation. In other words, even if you declare bankruptcy, you are usually responsible for these payments. As with any legal case, there may exceptions to this rule. For this reason and many others, it is important to have an experienced bankruptcy attorney handle your case.
Contact Us
Bankruptcy is never an easy process, and having required payments such as alimony lingering during the process makes it more difficult. If you are going through bankruptcy and still have divorce payments to make, contact the Boca Raton bankruptcy attorneys of Eric N. Klein & Associates, P.A. at 561-353-2800 for more information about how we can help you through this difficult period.
With bills piling at your doorstep and creditors constantly knocking on your door, you may need to file bankruptcy to best reconcile your finances. While you may think bankruptcy is an easy out for all of your debts (depending on which chapter you file), this is not always the case.
Some debts cannot be dismissed under bankruptcy, including debts that you owe to a former spouse. If you are currently thinking about declaring bankruptcy, contact the Boca Raton bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2800 to learn more about settling your debts.
Understanding Alimony Payments
When you get divorced, you must settle several things with your ex-spouse. Aside from determining division of property and debts, child custody, and child support, you must also determine whether one spouse is entitled to financial compensation from the other spouse.
This financial compensation is called alimony and is sometimes referred to as spousal support. You usually have to pay alimony to your spouse when he or she depended on your income during the marriage. Depending on the length of the marriage, this may be a temporary or permanent payment.
You are legally obligated to pay this support to your ex-spouse for the determined period of time, regardless of your financial situation. In other words, even if you declare bankruptcy, you are usually responsible for these payments. As with any legal case, there may exceptions to this rule. For this reason and many others, it is important to have an experienced bankruptcy attorney handle your case.
Contact Us
Bankruptcy is never an easy process, and having required payments such as alimony lingering during the process makes it more difficult. If you are going through bankruptcy and still have divorce payments to make, contact the Boca Raton bankruptcy attorneys of Eric N. Klein & Associates, P.A. at 561-353-2800 for more information about how we can help you through this difficult period.
