Bankruptcy Assisted Divorces

Bankruptcy Assisted Divorces | Wayne Greenwald

Marx was right! "Love flies out the door when money comes innuendo."1 Unfortunately for some, money problems keep some couples together who'd rather be divorced. The issues become who pays the debt versus who keeps the couch, cat and castle.2 Bankruptcy can help divorcing couples get two fresh starts: one marital and one financial. Thanks to Congress the Bankruptcy Code Amendments of 2005 made this possible. The "sea change" was: (a) changing domestic support obligations to first priority in payments to unsecured creditors;

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