Michigan Bankruptcy Lawyers - Alimony:
11 U.S.C. 523 provides discharge will not be allowed for debts owed (5) to a spouse, former spouse, or child of the debtor, for alimony to, maintenance for, or support of such spouse or child, in connection with a separation agreement, divorce decree or other order of a court of record, determination made in accordance with State or territorial law by a governmental unit, or property settlement agreement, but not to the extent that - (A) such debt is assigned to another entity, voluntarily, by operation of law, or otherwise (other than debts assigned pursuant to section 408(a)(3) of the Social Security Act, or any such debt which has been assigned to the Federal Government or to a State or any political subdivision of such State, or their bankruptcy lawyers.
Michigan Bankruptcy Lawyers - In Practice:
The interest of children is protected to high degree, and thereafter debts owed to ex-spouses will survive discharge in most circumstances, so long as the debt is actually owed to the spouse. According to most bankruptcy lawyers, discharging liability for support owed to children and ex-spouses is difficult, and subject to many exception favoring non-dischargeability. Most bankruptcy lawyers representing debtors recommend all payments remain current at least until the case is closed.
Bankruptcy lawyers must carefully review each debtor's financial affairs before suggesting any particular remedy. Because each client is unique, all alternatives may not be available. Also, bankruptcy lawyers often offer different opinions regarding available alternatives in the same circumstance, based on each bankruptcy lawyer's personal level of legal expertise. All potential debtors should consider the opinions of at least two, and preferably three consumer bankruptcy lawyers to discover all available alternatives.
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