Posted on: 19th Dec, 2010 08:14 am
My ex husband and I are divorce since 2009 year- as part of the divorce settlement- I reside in the home with my children and pay the mortgage and any repairs of the home. should I sell the home- he is entitle to 50%. He is now filing for bankruptcy (ny). Can I lose the house?
Hi lindaab,
If there is a mortgage on the property, then you will become solely responsible for the mortgage payments if he gets a discharge in his bankruptcy filing. It is not mandatory for you to sell off the property just because he is filing bankruptcy. You should consult a bankruptcy attorney and then take a decision in this regard.
If there is a mortgage on the property, then you will become solely responsible for the mortgage payments if he gets a discharge in his bankruptcy filing. It is not mandatory for you to sell off the property just because he is filing bankruptcy. You should consult a bankruptcy attorney and then take a decision in this regard.