San Jose Bankruptcy Attorney comments on the divorce, debt, and possible bankruptcy of Jon Gosselin
Jon Gosselin, former star of “Jon & Kate Plus 8” has had a very memorable year. First, the couple was allegedly facing severe financial difficulties with an unsold home and mounting debts. Despite the more than $2 million the couple has earned from TLC from their TV show, they were under financial stress from their mounting debts.
Then, when their impending divorce became public, Kate kept the TV show and Jon has been largely shut out of the television market. Between the divorce, the $13,000 per month in child support that he owes Kate, and the $90,000 he owes his family law attorneys, Jon is looking at the possibility of a Chapter 13 bankruptcy filing to clean up his balance sheet.
While a Chapter 13 will not remove the child support or alimony payments, it will allow him to discharge other debts including the unsold home and some other debts he has accumulated prior to and after the divorce. If Jon does file for bankruptcy protection, it may force Kate into an uncomfortable position if the mortgage lenders ask her to cover the remaining balance on both mortgages. It is unclear if her earnings from the television show would allow her to manage those payments, or if she would also be forced into bankruptcy.
The Jon and Kate saga is far from over as the financial repercussions of their divorce continue to be felt.
Jon Gosselin: On Suicide Watch ?!?, www.thehollywoodgossip.com, December 24, 2009
Does Jon and Kate Plus 8 Equal Bankruptcy?, www.allmandandlee.com, November 3, 2009
If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you are have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down, stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs. Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.