QUESTION

Bankruptcy after divorce, shared assets

Asked on Jun 17th, 2016 on Bankruptcy - Alabama
More details to this question:
My girlfriend has shared assets with her ex; a house that is still pending sale. He went into bankruptcy recently, how does that affect her?
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1 ANSWER

If she is on the mortgage, she is still liable for the debt, even though her ex filed bankruptcy. Here are a few questions: 1.  Is the house in AL? 2.  Is there a 2nd mortgage or just a 1st? 3.  Is the house pending a foreclosure sale or a sale to a buyer?  
Answered on Jun 21st, 2016 at 1:47 PM

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