Type
Title
Date
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April 6, 2023 5-Minute Overview Chapter 7 Bankruptcy
The basic premise of Chapter 7 is the debtor trades all non-exempt property and a full disclosure of financial affairs for a discharge of personal liability on their debt. Not all personal liability is discharged; a child support obligation is a non-dischargeable debt. -
April 6, 2023 5-Minute Overview Bankruptcy Back to Basics
Bankruptcy is the legal action to eliminate debt and to get a fresh start. Child Support obligations cannot be discharged or modified in Bankruptcy. There are five types of bankruptcy.