Description
Divorce and bankruptcy often go hand-in-hand. The parties’ counsels must address a dizzying array of factors because bankruptcy can upend the financial plans and goals of divorced or divorcing spouses for the benefit of third-party creditors.
The bankruptcy court can recharacterize support as property division and loans as equity--or vice versa--with significant consequences. Property that can satisfy creditors in bankruptcy is difficult to determine, varies in community property and equitable division states, and turns on which chapter of bankruptcy is filed, exemptions allowed, and even residency.
The law is unsettled and fact-specific for many financial assets, such as education savings accounts, pre-paid tuition, net operating losses, and other tax attributes.
Listen as this panel of experienced bankruptcy and family law attorneys discusses best strategies for achieving the parties' financial goals when divorce and bankruptcy are factors.
Presented By
Mr. Berenji, owner of Berenji & Associates, is a seasoned divorce lawyer with a practice focused on complex, high net worth divorces.
Mr. Hirsch has practiced in Phoenix for 30 years and has a broad range of experience in all aspects of Bankruptcy practice and debtor/creditor practice, including loan workouts.
For more than 40 years, Mr. Nussbaum has assisted individuals and businesses with complex bankruptcy protection (debtor and creditor), transaction, and litigation matters. He especially enjoys helping his clients achieve their business and financial objectives using innovative legal strategies.
Mr. Pikus has been actively engaged as a litigator for over three decades in New York and New Jersey. Devoted to complex cases, his experience has spanned nearly all facets of litigation, including general commercial, matrimonial, bankruptcy, regulatory, public utility, securities, environmental and intellectual property.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Tuesday, October 18, 2022
- schedule
1:00 p.m. ET./10:00 a.m. PT
- Overview of Divorce and Property Division
- Effects of bankruptcy on property divisions/settlement
- Definitions relevant to divorce counsel
- Automatic stay: what is it, and when does it apply?
- Property of the estate
- Dischargeability
- Obligations arising under family law orders
- Obligations to Third parties: Bartenwerfer v. Buckley
- Differences between Chapter 7 and Chapter 13; Subchapter V
- Strategies, Tactics, Drafting
The panel will review these and other key issues:
- Sequencing divorce and bankruptcy
- Domestic support obligations
- Automatic stay
- Provisions to include in the property settlement agreement relating to bankruptcy
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