Episode 8: The Impact of Bankruptcy on Your Divorce and How to Protect Yourself
Release Date: 01/26/2021
Dealing with Divorce
For the final episode of the season, Darlene will answer 5 frequently asked questions on the topic of child support. She will pinpoint some situations when a court could deviate from the table amount of support and highlighting the benefits of going to court versus mediation child support issues. She will also bring up cases—including a landmark decision—to back up her answers and illustrate options for parents going through the divorce/separation process. “Child support is the child’s right and they are entitled to it by law.” - Darlene Here are what she talks about: ...
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info_outlineBryan Gelman is a co-founder of Albert Gelman Inc. (AGI) and focuses his practice on the insolvency and restructuring of small to medium size owner-operated businesses and individuals who need assistance with their financial affairs.
During this episode, Bryan and Darlene discuss the impact of bankruptcy on your family law case and ways to protect yourself in the event you or your spouse file for bankruptcy during a separation. Should you move to lift the automatic stay against exempt assets? Should you make a claim for spousal support? Working with a family law lawyer and a trustee could provide you with creative ways to salvage as much money as possible during a bankruptcy. Listen to this episode to learn more!
Quote:
“People need to play nice in the sandbox when there is one spouse that is insolvent.” - Bryan Gelman
Here are what we talk about:
- How Bryan started AGI and growing it
- On bankruptcy timing impact on spouse equalization claim
- On bankruptcy timing impact on spousal and child support claims
- The bankruptcy impacts monthly and lump sum support payment differently
- Other claims that survive bankruptcy
- bankruptcy and pension claims
- On the filing of a lift stay application by the non-insolvent spouse as a relief option
- The benefit of filing bankruptcy in times of separation
- Trust claims in bankruptcy
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