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Which is Advisable? Debt Settlement or Bankruptcy?

Bankruptcy is a constitutional right provided to all the people or companies who have acquired debts that have turned out to be, for one reason or another, greater than their financial ability to pay them. Bankruptcies can be classified into two: individual’s bankruptcy and company bankruptcy. In Chapter 7 individuals get clemency of their debts […]


Bankruptcy Issues Related To Domestic Support Obligations

Bankruptcy courts have long held that debts that are in the “nature of support” are not dischargeable. Support debts often arise during divorce proceedings and may be contrasted with the division of marital property. For instance, a family court order directing a husband to pay alimony or maintenance to a wife is usually “in the […]