We all have responsibilities. Some of these responsibilities include paying off a mortgage, paying off a car, or paying monthly utility bills. Somewhere in the mix is paying child support. When these responsibilities become too much of a burden, sometimes we can fall into heavy debt. I know many people in Littleton and Parker who are paying child support and struggling with debt often wonder how child support obligations are treated in a Littleton Chapter 13 bankruptcy. In today’s blog, we’ll discuss child support in more detail and how a Littleton and Parker Chapter 13 bankruptcy may help with child support.
Child Support Payments: Is Child Support Dischargeable in a Lone Tree Chapter 13?
Child support is a priority debt, which means it’s paid before all other debts.
Unfortunately, child support isn’t dischargeable in a Lone Tree or Highlands Ranch Chapter 13 bankruptcy. Child support is also considered a priority debt, which means it’s paid before all of your other debts. Despite this, a Chapter 13 bankruptcy filing can still help with child support payments.
Aurora Chapter 13 Bankruptcy: How Chapter 13 Bankruptcy Can Help
Chapter 13 bankruptcy in Aurora or Littleton can help with your child support payments in many ways. Chapter 13 bankruptcy allows you to set up a repayment plan where you can reorganize your debt and pay it off in a more comfortable manner. This will help you manage how you pay your child support and other domestic support obligations more easily. Since your monthly payment amounts are based on your disposable income (money left over after paying your most important expenses, such as food or utilities), you’ll have more freedom to decide how much debt you are able to pay off each month. Not only that, but if you have any child support in arrears, Chapter 13 bankruptcy and an Aurora Chapter 13 bankruptcy lawyer can help you repay those debts. An experienced Chapter 13 bankruptcy lawyer is crucial for helping you create a repayment plan to help pay off child support arrears and still receive your bankruptcy discharge.
More Questions? Consult a Denver Chapter 13 Bankruptcy Attorney
If you have more questions about how a Chapter 13 bankruptcy in Denver or Centennial will help you with child support payments, contact my office today. A Chapter 13 bankruptcy may be a good option for you if you wish to regain your financial freedom and keep up with your child support payments. Chapter 13 bankruptcy will keep your head above water and relieve you of any anxiety you have when it comes to supporting your children.
If you would like more information about Chapter 13 or Chapter 7 bankruptcy in Littleton, Aurora or Denver, contact experienced Centennial and Littleton bankruptcy lawyer Barry Arrington today for a free consultation at 303-205-7870, or submit the “Get Bankruptcy Help Now” form. He will fight to give you the best, fresh start possible.