Is alimony revoked if the payor declares bankruptcy?

In Colorado, alimony can be revoked if the payor declares bankruptcy. This means that the court can order that the payor no longer has to pay alimony if they are declared bankrupt. The court will consider the circumstances, including the financial hardship of the payor, to decide if alimony is revoked. In some cases, the court may order that the payor still has to pay alimony even if they declare bankruptcy. This is rare, but it may occur in situations where the recipient of alimony has an urgent need for financial support. The court may still require that the payor pay alimony in these cases, but they will usually agree to an adjusted payment. It is important to remember that alimony is not automatically revoked when the payor declares bankruptcy. The court must be petitioned by the payor and then decide if alimony should be revoked. The court may also agree to an adjusted payment in some cases, depending on the circumstances. In conclusion, alimony can be revoked if the payor declares bankruptcy in Colorado, but this decision is ultimately made by the court. Depending on the financial circumstances of the payor, the court may also agree to an adjusted alimony payment.

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Is alimony revoked if the payor declares bankruptcy?

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