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Company Loan Type APR Est. Pmt.

2nd

Posted on: 01st Oct, 2012 11:55 am
Hello
If divorse couple have a 2nd in both their names, and the 2nd was ordered to be paid by ex-wife. If she has not attempted to take the ex-husbands name off the 2nd and files bankruptcy, is the ex-husband now have to pay for the 2nd also even though it was court ordered? Can you file bankruptcy on a 2nd loan without both parties approving?
Hi Guest!

Welcome to forums!

If the ex-husband's name is still on the loan, then there is a high chance that the lender will come after the ex-husband to recover the debts. You can file bankruptcy and include a debt if you're liable for its payments.

Feel free to ask if you've further queries.

Sussane
Posted on: 01st Oct, 2012 08:37 pm
thank you for your responce.
But even though she was awarded this debt in the divorse decree? Also, Can you file bankruptcy on a 2nd loan without both parties approving?
thank you again for your help
Posted on: 01st Oct, 2012 09:04 pm
We need to get a ex off the mortgage but his credit is not good, esp if I will have to file bankruptcy also. Any suggestions on what I can do?
Posted on: 01st Oct, 2012 09:06 pm
hi guest!

welcome to forums!

in order to remove your ex-spouse's name from the mortgage, you will either have to refinance or assume the loan. you can even check out the option of novation. this might also help you in transferring the mortgage.

feel free to ask if you've further queries.

sussane
Posted on: 02nd Oct, 2012 12:03 am
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