If you are considering going through bankruptcy after a divorce or separation, you will need to consider the expenses that you are subject to as a result of that divorce or separation. For example, you may feel that you are struggling financially as a result of child support and alimony obligations, and you may wonder if you will become exempt to these obligations after filing for bankruptcy.
Unfortunately, you won't be able to write-off unpaid child support or alimony obligations through filing for bankruptcy. However, bankruptcy could help you to more effectively deal with the consequences of not paying these. For example, it may be able to help you avoid jail time as a result of not paying these obligations.
How can bankruptcy help me with my child support and alimony obligations?
Bankruptcy can't help you directly with paying or exempting your child support and alimony obligations. However, what it can do is help to free up some of your income by exempting your obligations to pay other types of debts, for example, credit card debts. This, in turn, can increase your disposable income and allow you to start making progress on catching up with your unpaid debts.
Different bankruptcy chapters can help you to manage your debts in differing ways. You will also have to prove eligibility for different bankruptcy chapters; therefore, one chapter may suit you better than another based on your specific circumstances. If you want to take charge of your debts and catch up with your child support and alimony obligations, you should consider the ways that a bankruptcy filing could help you.