Alimony

  • Do I Still Have to Pay Alimony if I File for Bankruptcy?

    ByGoodblatt • Leo Hours Categories Alimony, Bankruptcy, Divorce

    If you have an alimony order, you are familiar with the financial pressure it can put on you each month, especially when you are also dealing with personal debt. Though it can be tempting to just ignore your alimony order or pay less than you are required to pay, do not give into this temptation. When you have an alimony order in place, you are legally required to make your payments. Filing for bankruptcy will not terminate your alimony order. Understanding What the Automatic Stay Stops and Does Not Stop When you file for bankruptcy, the automatic stay goes into effect. This is an automatic order that stops all creditors’ collection attempts, basically pausing your responsibility to repay your debts. However, it does not stop…

  • What Happens to Alimony Under the Recent Federal Tax Reform Law?

    ByGoodblatt • Leo Hours Categories Alimony, Divorce

    When the word divorce enters a spouse’s mind, and certainly by the time the concept is spoken aloud, fears  about the myriad of issues can be overwhelming.  . Finances are certainly of great concern, as a person’s standard of living is bound to be impacted by severing the marriage. One feature of divorce designed to provide some financial assistance, though sometimes temporarily, is alimony. Alimony, or spousal support, is one matter particularly prone to produce disagreement, since most spouses asked to pay this obligation are quite reluctant, if not overtly hostile. While the media tends to depict spouses asking for alimony as greedy and shallow, most really need the support to avoid dire straits as they seek to find adequate employment. Recent changes to the…

  • When it Comes to your Divorce Terms, your Gender Means Nothing

    ByGoodblatt • Leo Hours Categories Alimony, Divorce, Family Law, Parenting Plans, Timesharing

    In the eyes of the law, men and women are treated equally. This means what when you work through the divorce process, your gender does not play into how your property is divided or how your child custody arrangement is set up. Speak with an experienced divorce lawyer to learn more about what to expect from the divorce process.  Rather than assuming that you will be given more or less time with your child or be required to pay alimony because of your gender, educate yourself about how the court actually determines the terms of a divorce settlement. Yes, Women Can Pay Alimony Alimony is money paid from one partner to the other to prevent him or her from experiencing financial ruin after the couple’s…

  • Is my Self-Employed Ex Hiding Income and Assets?

    ByGoodblatt • Leo Hours Categories Alimony, Division of Assets, Divorce, Family Law

    Child support and alimony can be difficult to collect, especially when an ex tries to hide his or her assets. Some spouses may discover that business owners hide assets and profits in their businesses just to avoid paying the right amount of child support or alimony. This becomes even more difficult to notice the longer two people have been separated, because over time people may quit jobs, move around, start or close businesses, and obtain pay raises, all of which they may not report. There are several key considerations when trying to collect from an ex who is self-employed. Self-Employment Income Is Different When you work for someone else, you usually receive a W-2. This means that the employer has already withheld your taxes and…