Divorce and Bankruptcy

Unfortunately, especially with the way that the real estate market is at this time, bankruptcy and divorce go hand in hand. Many people wonder what type of debts get canceled out in a bankruptcy and which liabilities they will continue to be responsible for. The main thing to remember is that child support and alimony payments, including any arrears are not dischargeable in bankruptcy. If you are trying to get out of having to pay arrears on either of those things, bankruptcy is not the way to go.

For a more thorough article on bankruptcy and divorce, see the following:

http://www.divorceinfo.com/bkrcybankruptcy.htm