How Much Does Your Spouse Hate You? Avoiding Problems with Your Bankruptcy Filing
Bankruptcy Strategies in Divorce
Release Date: 08/27/2014
Episode 25: Tips on Having a Smooth Home Purchase
Bankruptcy Strategies in Divorce
Home ownership is part of the American Dream! It is something we all, to some extent, hope for. But oftentimes that dream becomes a nightmare because all of the proper steps are not taken, or not done correctly. That can turn your home into a money pit! So in this episode of the podcast, I am going to talk about the steps you need to take here in New Jersey to minimize the chances of disaster. Every case is different (and you should have an attorney represent you) but these tips should give you a good idea of the pitfalls out there and how to avoid them.
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Episode 19: Best Strategies for Dealing with Federal Student Loans
Bankruptcy Strategies in Divorce
Student loan debt continues to be a problem nationally, as the total owed exceeds $1 trillion. Although private loans are also a problem, the good news is that they make up only 15% of the total debt, and federal loans still dominate the landscape. The amount of debt per student (and in many cases the parents) has led to real problems with affordability of the monthly payments and defaulted loans. These people have either given up, and let the loans default, thus facing wage garnishment and the loss of their federal tax refunds for the foreseeable future, or are hiding out in a deferment or...
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How Much Does Your Spouse Hate You? Avoiding Problems with Your Bankruptcy Filing
Bankruptcy Strategies in Divorce
The filing of a bankruptcy by one spouse in a divorce is not always a cooperative process, part of an overall strategy. Sometimes the nonfiling spouse can become vindictive and seek to disrupt the bankruptcy filing. In this episode, Meryl and Steve talk about how important it is to keep the financial disclosures in your bankruptcy complete and accurate, so that your spouse can't point out mis-statements or omissions that can get you into trouble!
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How Protected Are You From Your Spouse If You File Bankruptcy?
Bankruptcy Strategies in Divorce
The automatic stay that bankruptcy provides can be extremely helpful in protecting you from creditors. It can stop a bank levy, a wage execution, or any other attempt to collect a debt. But exceptions in the bankruptcy code can allow your spouse or ex-spouse from taking many actions in family court without bankruptcy court permission. In this episode, Meryl and Steve discuss these exceptions and how to view the automatic stay realistically when it comes to your divorce.
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Top 3 Divorce Mistakes That Could Lead You to Bankruptcy
Bankruptcy Strategies in Divorce
In mosty cases, financial difficulties put strain on a marriage that leads to divorce. In those circumstances, bankruptcy can be helpful. But in this episode, Meryl and Steve talk about how financially secure couples can end up in bankruptcy because of how they handle their divorce! Learn how to avoid these mistakes!
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How a Prenuptual Agreement Might Not Protect You from Divorce Obligations in Bankruptcy
Bankruptcy Strategies in Divorce
Prenuptual Agreements are often used to negotiate many terms of a divorce in advance of the marriage itself. However, they cannot definitively allow you to preplan a bankruptcy discharge of your obligations under it. In this episode, Meryl and Steve talk about why these agreements cannot be worded in such a way as to create dischargeable obligations, and how you can still exit bankruptcy bound by their terms.
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How a Chapter 7 Bankruptcy Can Screw Up Equitable Distribution
Bankruptcy Strategies in Divorce
You may have agreed upon (or had a judge order) the equitable distribution of your marital assets in your New Jersey divorce. But the chapter 7 bankruptcy filing of one of you can put that distribution into jeopardy. In this episode, Meryl and Steve talk about how to approach this problem!
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How Filing Bankruptcy Can Disrupt Alimony, Child Support, and Insurance Obligations
Bankruptcy Strategies in Divorce
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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How Bankruptcy Can Interfere with Student Loans for Your Children
Bankruptcy Strategies in Divorce
One common provision in New Jersey divorce decrees is for the educational expenses of the children. In other words, who pays for what in connection with the kids going to college? Filing bankruptcy at any point in this process, whether it is to deal with marital debt or debt incurred after the divorce can cause problems with student loans. In this episode, Meryl and Steve talk about what complications are created and how to deal with them.
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How an Unexpected Divorce Filing Can Wreck a Chapter 13 Bankruptcy
Bankruptcy Strategies in Divorce
A bankruptcy can certainly help you in your divorce if you are weighed down with marital debt. A chapter 13 can also help save a home from foreclosure or get a tax debt paid affordably. But one thing that can really devastate a chapter 13 repayment plan is an unexpected divorce filing. Meryl and Steve talk about what that can do to your plan and what options there might be to salvage your bankruptcy strategy.
info_outlineThe filing of a bankruptcy by one spouse in a divorce is not always a cooperative process, part of an overall strategy. Sometimes the nonfiling spouse can become vindictive and seek to disrupt the bankruptcy filing. In this episode, Meryl and Steve talk about how important it is to keep the financial disclosures in your bankruptcy complete and accurate, so that your spouse can't point out mis-statements or omissions that can get you into trouble!