Is alimony revoked if the payor declares bankruptcy?

In Louisiana, alimony is typically revoked if the payor declares bankruptcy. This is because alimony is a contractual obligation, and, like other debts, it must be paid within a certain timeframe. Bankruptcy wipes away any financial obligations a person may have, including alimony payments. However, if the court deems alimony to be a priority then it can be protected from being discharged in bankruptcy. This is done to ensure the recipient of alimony is not left without any financial assistance. The courts will typically uphold alimony payments if the recipient can prove that their livelihood is dependent on the regular payments. If the payor of alimony declares bankruptcy, it is important they contact the court to make their situation known. The court may be able to determine a suitable arrangement such as a payment plan or a modification of the current alimony order. This is done to preserve the legal rights of both parties, as the payor cannot be legally required to pay a debt they cannot afford. Ultimately, alimony will be revoked if the payor declares bankruptcy, but the court can make arrangements to ensure the recipient is not left without any financial assistance.

Related FAQs

Is alimony taxable to the recipient in some states?
Does alimony stop if the recipient is living with a new partner?
Does liability for alimony continue after the death of the payor?
How does a court decide who will pay alimony?
What is alimony?
Is alimony taxable to the recipient in all states?
How are alimony payments affected if the payor's income increases?
How is alimony calculated?
Are there rules for ending alimony payments?
Can a court award alimony to both spouses in a divorce?

Related Blog Posts

'Demystifying Alimony Law: What You Need To Know' - July 31, 2023
'Divorce and Alimony: Understanding Your Rights and Responsibilities' - August 7, 2023
'Tax Implications of Alimony Payments: How to Protect Your Finances' - August 14, 2023
'How to Calculate Alimony Payments: A Step-by-Step Guide' - August 21, 2023
'Alimony Modifications: Know Your Rights and Options' - August 28, 2023