A common question asked in consultations is whether or not permanent alimony actually means that it is permanent. Unfortunately, although the word “permanent” implies that you will receive said alimony payments forever, it is a misnomer. It is called permanent not because you pay it until someone dies but rather because there is no set end date. If you are receiving permanent alimony, the payor has the right to have said alimony reviewed based upon a substantial change in circumstances. A good faith age of retirement would be a basis to have your alimony obligation modified and/or terminated. [posted by Lynda Picinic, Esq.]
What if My Spouse Files For Bankruptcy During Our Divorce?
Filing for bankruptcy can be an incredibly stressful process. In addition, a divorce can be a stressful and emotional upheaval. If these two things occur at the same time, you may feel completely overwhelmed. These feelings are normal. It is important to know that filing for bankruptcy during a divorce is something that occurs, and…
