Michael and dianne shankle divorced an arkansas state court, Ask an Expert

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Michael and Dianne Shankle divorced. An Arkansas state court ordered Michael to pay Dianne alimony and child support, as well as half of the $184,000 in their investment accounts. Instead, Michael withdrew more than half of the investment funds and spent them. Over the next several years, the court repeatedly held Michael in contempt for failing to pay Dianne. Six years late, Michael filed for the Chapter 7 bankruptcy, including the petitions schedule the debt to Dianne of unpaid alimony, child support, and investment funds. Is Michael entitled to a discharge of this debt, or does it qualify as an exception? Explain.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92059336

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