What is the name of your state (only U.S. law)? TN
I'm asking this one for a friend. Husband and wife married 20 years, getting divorced (4 kids, 3,5,11,13). Mom is SAHP with no skills or education for employment. Dad nets $4400/month. Chapter 13 bankruptcy filed last year; payment of $2300/month. If I understand it correctly, BK payments are not deductible for CS calculations. Four kids = 46% of net in TN, so CS would be $2024. Total then of BK payments and CS is $4324.
Is this the typical outcome, or is the BK revisited, CS reduced, or some combination? I suspect they could file independent chapter 7's once divorced, but what does the court order for now?
I'm asking this one for a friend. Husband and wife married 20 years, getting divorced (4 kids, 3,5,11,13). Mom is SAHP with no skills or education for employment. Dad nets $4400/month. Chapter 13 bankruptcy filed last year; payment of $2300/month. If I understand it correctly, BK payments are not deductible for CS calculations. Four kids = 46% of net in TN, so CS would be $2024. Total then of BK payments and CS is $4324.
Is this the typical outcome, or is the BK revisited, CS reduced, or some combination? I suspect they could file independent chapter 7's once divorced, but what does the court order for now?
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