Posted on: 29th Jun, 2013 04:38 pm
my exhusband is going to declare bankruptcy and is going to include his house in it as well. my name is on the mortgage as he has not been able to refinance to get my name off of it. how is that going to effect me?
Welcome sjfrech,
Once he files bankruptcy and gets a discharge from it, he won't be liable for the mortgage payments in any way. So, the lender may come after you to recover the debts.
Once he files bankruptcy and gets a discharge from it, he won't be liable for the mortgage payments in any way. So, the lender may come after you to recover the debts.
Bankruptcy would release him from the responsibility of the debts. So, the lender will obviously get to you in that case.