Hello and thank you for allowing me to address your legal question.
I’m sorry to tell you that filing for bankruptcy will not relieve you of liability to your ex-spouse. Section 523 of the Bankruptcy Code specifically states that domestic support obligations are not discharged in bankruptcy. Courts have interpreted “domestic support obligation” broadly to include any judge’s order to pay an ex-spouse, regardless of whether it’s alimony or just a lump sum.
Generally, lump sum settlements are paid by selling or mortgaging assets, such as your house.
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