Protection in a Divorce and Bankruptcy

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How Can I Protect Myself in a Divorce If My Spouse Owes Debts and Might Declare Bankruptcy?

Protection in a Divorce and Bankruptcy

If you are to become the ex-spouse who is owed money, you should make every attempt to have the majority of funds classified as alimony or other support. Since these debts are non-dischargeable, you will be protecting your future cash payments as much as possible. The more items that carry debt that you include in your property settlement agreement, the higher the risk that your ex-spouse may convince the bankruptcy court that certain debts should become dischargeable.



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