When child support agreements are based on finances at the time of the divorce things can become difficult later on. This can be due to bankruptcy or a number of other factors that can come into play. This change in circumstances could alter the ultimate amount of child support payments.
Typically the child support obligations cannot be discharged through bankruptcy because child support is based on available income, and not on assets or credit situations. Although in the event that a divorce decree is not finalized a change in financial circumstances such as bankruptcy or the loss of a job may warrant modification. The facts surrounding these specific circumstances tend to be unique, so it is important to have a legal professional involved quickly.
The laws in these cases vary from state to state, so it is very important to contact a legal professional who can help you to move forward knowledgeably. A legal professional can use their experience in dealing with similar cases in the past to your benefit, and can assess the presence of a bankruptcy with regard to your available options.