Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the...
Transcript of Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the...
Divorce & Bankruptcy:The Train Wreck
of the Law
Randy Wilhite & Tom Kirkendall8:30 a.m., Monday,November 5, 2007
My niece Meg
Why is an understanding of bankruptcy law important in handling a divorce case?
The Collision of Public Policies
Pity the poor, non-debtor former spouse
The Filing of a Bankruptcy Case
Post-petition
Do divorce obligations survive the discharge?
Domestic support obligations(“DSO’s”)
11 U.S.C. § 522(c)(1)
11 U.S.C. §§ 523(a)(5) & (15)
Does the automatic stayenjoin the prosecution of divorce cases?
11 U.S.C. §362(b)(2)The New and ImprovedDivorce Exception to theAutomatic Stay
What’s in and what’s out of the debtor’s estate?
Non-debtor spouse’s property?
11 U.S.C. § 541(a)(2)
Are post-petition earningsproperty of the estate?
Petition Date Post-petition earnings
Chapter 711 U.S.C. § 541(a)(6)
Chapter 1111 U.S.C. § 1115
Chapter 1311 U.S.C. § 1306
Is the Wilhite Family’sLake Travis Estate exempt property?
Planning Considerations
Concluding Thoughts
Credits The Cartoons in this presentation are the work of the
incomparable Stuart M. Rees of Stu's Views.