Insolvency Does Not Cover Alimony

Certain debts and obligations cannot be eradicated even with a bankruptcy filing. Debts resulting from alimony or child support are obligations from which you cannot be relieved, even with a court ruling. However, with Credit Solutions’ debt-relief service, you can resolve of your credit card debt and save money in the process.

Our debt-relief service can help you reduce your credit card debt. Once you have a lower debt balance, you can pay your creditors much faster. You can be debt free in 12 to 36 months through our debt-relief service. Some debts must be paid in full, even after your bankruptcy case is resolved – alimony among them. Others include most tax debts, child support and student loans.

Alimony is the financial support a spouse provides to his or her former spouse. It is intended to fund living expenses above and beyond child support. Dealing with alimony and bankruptcy are a double stress. You are already dealing with the emotional turmoil with the end of a relationship; you don’t need any additional financial issues. Filing for bankruptcy may increase your financial strain.

Bankruptcy and divorce have one thing in common: large legal bills. Attorney fees for divorce and bankruptcy can run into the thousands of dollars – putting you at risk for more debt. Changes in bankruptcy law two years ago increased attorney fees further due to increased regulations and paperwork.

The process of bankruptcy can exacerbate problems stemming from a divorce. You may already have to give up some property to your former spouse. In Chapter 7 bankruptcy, you will have to relinquish property to pay your creditors. Bankruptcy and divorce both involve dealing with the court system, meaning you give up some control over your financial matters.

Whether or not you feel like providing for your spouse after divorce, your obligations can’t be erased through bankruptcy. Our debt-relief service can save you money that would normally go to lawyers, in addition to shrinking your credit card debt balance.

Author bio:

Brian Williams, a graduate of the University of Texas at Arlington, has 11 years’ experience writing and editing at daily newspapers in Texas. Having worked his way through college and experiencing the transition to professional life, Brian understands how credit affects people’s lives. For more articles by Brian, go to http://www.MyUSADebt.com. MyUSADebt is your alternative to debt consolidation.

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