![Page 1: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/1.jpg)
Divorce & Bankruptcy:The Train Wreck
of the Law
Randy Wilhite & Tom Kirkendall8:30 a.m., Monday,November 5, 2007
![Page 2: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/2.jpg)
My niece Meg
![Page 3: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/3.jpg)
Why is an understanding of bankruptcy law important in handling a divorce case?
![Page 4: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/4.jpg)
The Collision of Public Policies
![Page 5: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/5.jpg)
Pity the poor, non-debtor former spouse
![Page 6: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/6.jpg)
The Filing of a Bankruptcy Case
Post-petition
![Page 7: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/7.jpg)
Do divorce obligations survive the discharge?
Domestic support obligations(“DSO’s”)
11 U.S.C. § 522(c)(1)
11 U.S.C. §§ 523(a)(5) & (15)
![Page 8: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/8.jpg)
Does the automatic stayenjoin the prosecution of divorce cases?
11 U.S.C. §362(b)(2)The New and ImprovedDivorce Exception to theAutomatic Stay
![Page 9: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/9.jpg)
What’s in and what’s out of the debtor’s estate?
Non-debtor spouse’s property?
11 U.S.C. § 541(a)(2)
![Page 10: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/10.jpg)
Are post-petition earningsproperty of the estate?
Petition Date Post-petition earnings
Chapter 711 U.S.C. § 541(a)(6)
Chapter 1111 U.S.C. § 1115
Chapter 1311 U.S.C. § 1306
![Page 11: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/11.jpg)
Is the Wilhite Family’sLake Travis Estate exempt property?
![Page 12: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/12.jpg)
Planning Considerations
![Page 13: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/13.jpg)
Concluding Thoughts
![Page 14: Divorce & Bankruptcy: The Train Wreck of the Law · Divorce & Bankruptcy: The Train Wreck of the Law Randy Wilhite & Tom Kirkendall 8:30 a.m., Monday, November 5, 2007. My niece Meg](https://reader033.vdocuments.us/reader033/viewer/2022041918/5e6ae6c25da239448b54028a/html5/thumbnails/14.jpg)
Credits The Cartoons in this presentation are the work of the
incomparable Stuart M. Rees of Stu's Views.