Does filing for bankruptcy eliminate debts such as child support and alimony?
No, filing for bankruptcy will not eliminate debts such as child support and alimony. Virginia law is clear that any debt incurred for alimony, maintenance or support of a former spouse or former dependent children is not dischargeable through filing for bankruptcy. This means that a person who files for bankruptcy does not have his or her obligation to pay these debts eliminated or reduced. Furthermore, any arrearage (past due amounts) owed for child support or alimony will still be required to be paid and are not affected by a bankruptcy filing. Any amounts due after the bankruptcy filing will also remain due and must be paid as required. Even if a person is able to successfully complete a Chapter 13 bankruptcy repayment plan, his or her child support and alimony debts will not be eliminated or reduced. In summary, filing for bankruptcy in Virginia does not eliminate debts such as child support and alimony.
Related FAQs
What are some alternatives to filing for bankruptcy?What is the difference between discharging and writing off a debt?
Will bankruptcy stop wage garnishment?
Does filing for bankruptcy eliminate debts such as child support and alimony?
Will filing for bankruptcy stop a lawsuit?
How do I know if I am eligible for Chapter 7 or Chapter 13 bankruptcy?
Can I discharge student loan debt through bankruptcy?
How will filing for bankruptcy affect my credit score?
What will happen to my creditors if I file for bankruptcy?
How will filing for bankruptcy affect my spouse?
Related Blog Posts
What is Bankruptcy Law? - July 31, 2023What Are the Most Popular Types of Bankruptcy? - August 7, 2023
How to Choose the Right Bankruptcy Attorney for Your Case - August 14, 2023
Understand the Consequences of Not Filing for Bankruptcy - August 21, 2023
How to Avoid Bankruptcy With Financial Self-Management - August 28, 2023