What can I do if my tenant filed bankruptcy?
June 22, 2017What are exempt assets in a bankruptcy proceeding?
June 22, 2017Our Professional Answer:
When you file bankruptcy, 100% of all your legal obligations to pay a debt are discharged. The fact that you have been divorced doesn’t change this. However, there are certain obligations that arise as or because of a divorce. For instance, a child support payment or alimony. The bankruptcy code specifically makes non-dischargeable, a alimony payment for spousal support or child support. All other debts can be discharged in the bankruptcy.
