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Episode 8: The Impact of Bankruptcy on Your Divorce and How to Protect Yourself
Bryan Gelman is a co-founder of Albert Gelman Inc. (AGI) and focuses his practice on the insolvency and restructuring of small to medium size owner-operated businesses and individuals who need assistance with their financial affairs.  During this episode, Bryan and Darlene discuss the impact of bankruptcy on your family law case and ways to protect yourself in the event you or your spouse file for bankruptcy during a separation.  Should you move to lift the automatic stay against exempt assets?  Should you make a claim for spousal support?  Working with a family law lawyer and a trustee could provide you with creative ways to salvage as much money as possible during a bankruptcy.  Listen to this episode to learn more! Quote: “People need to play nice in the sandbox when there is one spouse that is insolvent.” - Bryan Gelman   Here are what we talk about: How Bryan started AGI and growing it On bankruptcy timing impact on spouse equalization claim On bankruptcy timing impact on spousal and child support claims  The bankruptcy impacts monthly and lump sum support payment differently Other claims that survive bankruptcy  bankruptcy and pension claims  On the filing of a lift stay application by the non-insolvent spouse as a relief option The benefit of filing bankruptcy in times of separation Trust claims in bankruptcy Connect with Bryan Gelman Website   Connect with Darlene Rites Facebook LinkedIn Ferreira & Bettencourt, LLP Email: darlene@bettencourtllp.com
Dealing with Divorce
https://fbllp.ca/darlene-rites/
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