Posted on: 25th Jun, 2009 05:07 pm
We are divorced and both names are on the mortgage. My ex has told me that he has filed bankruptcy and included the house. How is this possible when we are both listed on the mortgage.
drayed,
lot more depends on which chapter BK he has filed.If he has filed chapter 7 then he need to liquidate the home asset but if he is filing chapter 13 BK then he can keep the home.
keep in touch....
lot more depends on which chapter BK he has filed.If he has filed chapter 7 then he need to liquidate the home asset but if he is filing chapter 13 BK then he can keep the home.
keep in touch....
hi drayed,
i think it is possible for your ex to include the loan in his bankruptcy. as he is on the loan, he is equally responsible for the loan. it is part of the debts he owes and can thus include it in his bankruptcy. was he supposed to refinance in his name as per the divorce decree? in that case, you can file a case against him for not having refinanced the loan to release you from the liability.
i think it is possible for your ex to include the loan in his bankruptcy. as he is on the loan, he is equally responsible for the loan. it is part of the debts he owes and can thus include it in his bankruptcy. was he supposed to refinance in his name as per the divorce decree? in that case, you can file a case against him for not having refinanced the loan to release you from the liability.
HI drayed,
Welcome to our forum.
I would like to advice you that, If your & your ex's name still on mortgage that means you both similarly responsible for pay mortgage.If you wants to refinance loan i will be possible.
Thanks & Regards,
gunz.ijjistaff. :D :D :D
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
Welcome to our forum.
I would like to advice you that, If your & your ex's name still on mortgage that means you both similarly responsible for pay mortgage.If you wants to refinance loan i will be possible.
Thanks & Regards,
gunz.ijjistaff. :D :D :D
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
