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This is really stupid, of course it make a difference because depending on what happens with the children and financial obligations will definitely impact the the bankruptcy. This is suck a rip off.
Your understanding appears incorrect.
Section 523 of the Bankruptcy Code excepts from discharge both property settlements and support obligations. Thus it does not make a difference.You can read the Code here:http://www.law.cornell.edu/uscode/html/uscode11/usc_sec_11_00000523----000-.html