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Tuesday September 26th 2017

The impact of Bankruptcy on Children and Child Support in The Big Apple

Filing bankruptcy is a tricky process. Nevertheless it isn’t very difficult just for the oldsters, but for their children in addition. So what are the prospective consequences bankruptcy on the kids of bankruptcy filers?

1) A debtor may well be presented from contributing money towards their children college fund or tuition. Though a bankruptcy court in NY will allow for basic expenses like housing and food, they will prioritize your debt over your children education.

It is strongly recommended that you simply seek advice from a Manhattan bankruptcy lawyer to comprehend more about how your child’s education can be affected when filing for bankruptcy.



2) Your children assets could also be subject to the bankruptcy, especially whenever you were the one that donated money into their accounts or they’re for your own name, or perhaps when you’ve ever used your children bank account to pay your individual bills. A The Big Apple bankruptcy attorney, however, can protect these accounts by to ensure that they’re opened under the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA).

3) Ny Child support is shielded from bankruptcy. Child support obligations are seen as a priority and therefore aren’t eligible for bankruptcy debt discharge. Once you file for Chapter 7 bankruptcy, child support payments become a top priority when assets are being liquidated. When you file for Chapter 13 bankruptcy, child support payments shall be arranged within the repayment plan. In either case, the hope is that ex-spouses find it easier and more ready to pay child support since the bankruptcy, by discharging other debt, can be in a position to lessen their other debt responsibility.

Filing bankruptcy is a troublesome process. Nevertheless it isn’t difficult just for the oldsters, but for their children in addition. So what are the possible consequences bankruptcy on the kids of bankruptcy filers?

1) A debtor might be presented from contributing money towards their children’s college fund or tuition. Though a bankruptcy court in The Big Apple will allow for basic expenses like housing and food, they are going to prioritize your debt over your children’s education.

It is strongly recommended that you simply talk over with a Big Apple bankruptcy lawyer to know more about how your child’s education may well be affected when filing for bankruptcy.

2) Your children’s assets can be subject to the bankruptcy, especially in the event you were the person who donated money into their accounts or they’re on your own name, or maybe in the event you’ve ever used your children’s bank account to pay your personal bills. A Ny bankruptcy attorney, however, can protect these accounts by to ensure that they may be opened under the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA).

3) The Big Apple Child support is shielded from bankruptcy. Child support obligations are seen as a priority and therefore are usually not eligible for bankruptcy debt discharge. In case you file for Chapter 7 bankruptcy, child support payments become a top priority when assets are being liquidated. In case you file for Chapter 13 bankruptcy, child support payments will likely be arranged inside the repayment plan. In either case, the hope is that ex-spouses find it easier and more in a position to pay child support since the bankruptcy, by discharging other debt, could be ready to lessen their other debt responsibility.

Wounded Children, Healing Homes: How Traumatized Children Impact Adopt… ($12)

“Yes, that’s exactly what I’ve experienced!” I repeated this statement frequently as I read Wounded Children, Healing Homes, a valuable resource that includes stories of real adoptive parents struggling with the challenges of raising traumatized children. Reading the book helped me feel less alone, less crazy, less angry, less fearful, and more hopeful.

Divided in five parts, the book begins with a look at how unmet expectations affect an adoptive parent’s response to his or her child–a child whose behavior seems to scream rejection. Part two examines attachment theory and the impact trauma has on a child and his or her adoptive family. Part three explores how subtly crises can evolve and threaten the stability of adoptive families; it also includes suggestions on how to handle these crises. Part four discusses the educational needs of traumatized children and how adoptive parents can be effective advocates for their children. Part five offers useful parenting strategies. Appendices at the end of the book list resources for adoptive parents and common home-study questions asked of prospective adoptive parents. Each chapter in the book summarizes key points and presents questions for discussion.

I received this book as a complementary copy from one adoptive parent to another. I’ve read through it twice already and plan to keep it close by as a handy resource and as a source of inspiration. The book is well researched, and I strongly recommend it to current and prospective adoptive parents. If I had had this book as a resource at the beginning of the adoption process, I believe I would’ve been more understanding of my child’s needs and better prepared to meet them.

Making an Impact: Children And Domestic Violence: A Reader… ($19)

I had no idea what this book was, except for the title since there was not even the publisher’s comments, but this was a topic I very much wanted – and needed – information about. Once I received it, I discovered that it is a “Reader” – which, in actuality, reads like a Ph.D. dissertation, involving a great deal of research and many many documented sources about the affect on children of domestic violence, particularly in the UK. Because of all the referrals to other documents, this is not the easiest reading, but it did enlighten me a great deal and appeared objective because of its involving so many sources. I am very anxious to try to read some of the books and articles referred to in the bibliography – if I can get them. The topics include, not only the affect on children, but also the way children are generally handled in this context, the laws relating to the children (in England), and the efforts toward treating the men. I did become much better educated after reading this book. The only reason it is not 5 stars to me is that it doesn’t read as most books – but as a research paper – which is what it really is. That made it more tedious to me.

One Comment for “The impact of Bankruptcy on Children and Child Support in The Big Apple”

  • Rene.Woytowich says:

    Kudos for the advice you’ve in The impact of Bankruptcy on Children and Child Support in The Big Apple, it made it easier for me in my assignment work.


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