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I have learned it is possible to request an equalization payment or lump sum payment by a spouse to the other spouse be considered child(or spousal) support so that in the event the payor declares bankruptcy, the award will survive bankruptcy.
Has anyone been in this situation? And if so, what circumstances allowed/didn't allow the judge to grant the request?
I am assuming a history of non-payment, dissipation of assets, any fraudulent conveyances etc. would show the courts that the payor would likely file bankruptcy to extinguish the obligation.
Has anyone been in this situation?
Has anyone been in this situation? And if so, what circumstances allowed/didn't allow the judge to grant the request?
I am assuming a history of non-payment, dissipation of assets, any fraudulent conveyances etc. would show the courts that the payor would likely file bankruptcy to extinguish the obligation.
Has anyone been in this situation?