Bankruptcy order be issued against him

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Reference no: EM134045457

Question

Based on the debt Joe owes her under the support order, Belinda may request that a bankruptcy order be issued against him. This debt would be a preferred claim, which means it would rank behind any secured claims and have precedence over the claims of other unsecured creditors. It would also rank equally with other preferred claims. A claim for support is another one that is not erased by bankruptcy. This indicates that Belinda's claim would take precedence over those of Joe's other creditors. Belinda's claim would be paid before any of Joe's other creditors if he were to declare bankruptcy. Additionally, this obligation would not be dismissed in bankruptcy, so even if Joe filed for bankruptcy, he would still be responsible for paying it. Belinda benefits from this since it increases her chances of receiving the money she is entitled. It's crucial to remember, though, that this does not ensure that she will get the whole sum owing to her.

Reference no: EM134045457

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