Posted on: 19th Jan, 2011 07:39 am
My ex notified me that he was going to file chapter 7. The mortgage is in both of our names but he signed a quick claim deed and few years back. How will this affect me? I still live in the home and the payment are on time. We both live in different state. He has made no contribution to this home in 5 years.
Hi Marie!
Welcome to forums!
As the property is in your name, the property won't be affected due to your ex-partner's bankruptcy filing. However, he will receive a discharge from the mortgage debt and you'll become solely responsible for paying off the mortgage dues.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As the property is in your name, the property won't be affected due to your ex-partner's bankruptcy filing. However, he will receive a discharge from the mortgage debt and you'll become solely responsible for paying off the mortgage dues.
Feel free to ask if you've further queries.
Sussane