Is my alimony payment considered a debt if I file Chapter 7?
I am ordered by a court order divorce agreement to pay alimony, will Chapter 7 erase that obligation like it will with my debts?
Posts Tagged ‘obligation’
If I file bankruptcy after a judgment is placed against me, will it erase the judgment?
I’ve been sued by an account that was turned over to a law office. I want to file bankruptcy but I need time to come up with the money. What I’m wondering is, when I appear in court march 9th and they obtain a judgment for me to pay x amount per month, will I be released from this obligation when I file bankruptcy or will I have to continue paying it because I entered into a new agreement? Thanks for the help.
What will happen if major banks go bankrupt?
If major banks go bankrupt then what will happen to their debt? In other words, if a person owns couple thousands of dollars in credit card debts and the banks go under, is there still obligation to pay the debt?
(This is theoretically question)