QUESTION

what does this mean? Its from my decree.

Asked on Feb 09th, 2013 on Divorce - Oklahoma
More details to this question:
THE COURT FURTHER FINDS that each party shall hold the other harmless from liability on all debts each is to pay under the terms of this Agreed Decree of Dissolution of Marriage, indemnify, defend and/or reimburse debts, as herein above specified, is in the nature of support and is, therefore, a non-dischargeable under (2)(5) and all other applicable provision of the Bankruptcy Code and other applicable law, including attorney fees and costs incurred in defense of creditors suits or prosecution of any action to enforce this provision.
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1 ANSWER

Bankruptcy Attorney serving Collegeville, PA at Nahrgang & Associates, P.C.
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It assures that each person will either pay their owns debts, or, if the other person is forced to pay them, reimburse that person, including attorney's fees and costs.  The other language is unnecessary in a chapter 7 bankruptcy as all such obligations are not dischargeable without such language. However, in a chapter 13, the indemnification would be dischargeable.  The court sought to prevent that by calling it support which is not dischargeable under any chapter of bankruptcy. 
Answered on Feb 09th, 2013 at 5:15 PM

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