The dissolution of a marriage is not subject to the automatic stay pursuant to Code § 362(b)(2)(A)(iv). Child custody determinations are not subject to the automatic stay pursuant to § 362(b)(2)(A)(iii). Child support determinations are a domestic support obligation and so are not subject to the automatic stay pursuant to § 362(b)(2)(A)(ii). Alimony is a…

Reliable facts and recent reports show that parents are spending billions on adult children. It’s getting very expensive for American parents to support their adult child. Parents are spending $500 billion per year to support their adult children. That number represents twice the amount parents are spending on their own retirements. More alarmingly, one in…

The Bankruptcy Court in Indiana denied the student loan creditor’s motion to compel arbitration of the debtor’s dischargeability proceeding under Code § 523(a)(8). The Roth court reasoned that the issue of dischargeability was a core matter and therefore the court had the discretion to not enforce the arbitration provision in the debtor’s promissory note if…

According to the Financial Industry Regulatory Authority (FINRA) By-Law, Article III, Section 4, filing for bankruptcy is not an event that would disqualify an individual from being associated with a FINRA member firm. Some states are more restrictive than others. According to Attorneys Worwag and Malysz of Des Plains, Illinois, since all individuals are entitled…

Michigan taxpayers with past-due tax debts should be aware of a new scam making the rounds through the U.S. Postal Service, according to the Michigan Department of Treasury. In the scheme, taxpayers are sent what appears to be a government-looking letter about an overdue tax bill, asking the taxpayer to immediately call a toll-free number…