Domestic support obligations are the top priority in any bankruptcy case. They come ahead of taxes and every other type of of unsecured claim. So if a person files a bankruptcy case, other creditors get nothing until back child support and alimony is paid in full.
December 2009
I only get to keep one car if I file bankruptcy, right? Wrong. Often you can keep several cars when you file bankruptcy. Exactly what you can save and what you can’t keep depends on two factors: the type of bankruptcy you file and the kind of exemptions you can claim. In a Chapter 13 [...]
A 32-year-old single mother of two filed for chapter 7 bankruptcy in Kansas and lost her $900 monthly lifetime annuity payment. This week she lost her attempt to protect the annuity from her creditors and the bankruptcy trustee. The chapter 7 bankruptcy trustee likely will sell the future stream of annuity payments for a lump [...]
Oddly enough, “current monthly income” is neither “current” nor “monthly”. What we do is take the average of your gross income from all sources – another point of controversy – for the last six months.
Most community property states are in the South and West. That’s because the idea of community property came from Civil Law in continental Europe rather than from Common Law in England. Some of the Southern and Western states originally were Spanish or French territory. So these states have some legal heritage from those countries, including [...]
Chapter 7 trustees are paid the small sum of $60 for administering each case. The real money a trustee makes is from finding and selling assets, and no asset is more favored than cash. According to the statutory formula, in addition to the paltry fee of $60 per case, Chapter 7 trustees are paid a [...]
