Posted on: 02nd Apr, 2009 08:01 am
My Ex husband has declared bankruptcy, however in the divorce it was said that all the ecquity off the house is mine once it is sold, he however needs to pay the morgage until the house gets sold, and he needs to pay off the joint mastercard bill and the joint loan!!! How does this effect me and the house and will the loan, mastercard and morgage companies come after me???? Please give me some advice quickly, as i'd liked to deal with this asap!!!
Thankyou very much, great website!!!
Thankyou very much, great website!!!
Hi sophiepaton,
I don't think the mortgage company as well as the credit card company would come after you. This is because it was the liability of your husband to pay them back and that was even mentioned in your divorce agreement. Moreover, I think you are even entitled to get the equity in the property as per your divorce agreement though the property is liquidated to pay off his creditors.
I don't think the mortgage company as well as the credit card company would come after you. This is because it was the liability of your husband to pay them back and that was even mentioned in your divorce agreement. Moreover, I think you are even entitled to get the equity in the property as per your divorce agreement though the property is liquidated to pay off his creditors.
If he misses any paying on those debts then your credit rating is shot, so be careful and make sure he makes the payments.