QUESTION
How will his filing bankruptcy affect my home?
Asked on May 02nd, 2013 on Divorce - Michigan
More details to this question:
I recently divorced and in the divorce, I retained the house. However, the house was financed in both our names. He has filed for bankruptcy. I was left with all the debt from the marriage and refinancing at this time is not an option.
3 ANSWERS
Domestic Relations Attorney serving Milford, MI
at
Gabel, Gudmundsen & Gabel, P.C.
Update Your Profile
His filing of bankruptcy should not affect your retention of the house so long as you are not behind in your payments.
Answered on May 07th, 2013 at 4:58 PM
Commercial Contracts Attorney serving Boise, ID
at
Peters Law, PLLC
Update Your Profile
Did he have an obligation to pay half the debt? If so, that debt to you is not discharged. If he did not agree to pay half, you are still obligated to pay the mortgage in order to keep the house.
Answered on May 07th, 2013 at 3:49 PM
Appellate Attorney serving Grosse Pointe Farms, MI
at
Musilli Brennan Associates, PLLC
Update Your Profile
See an attorney but generally his liability to the CREDITORS, including the bank on the mortgage could be extinguished by his bankruptcy leaving you the sole remaining debtor on what were joint liabilities. However, even after the bankruptcy he may be liable to you under the divorce judgment for the damages caused to you if hi did not pay his obligations under it. Call for an appointment, exposition of the fact and firm advice.
Answered on May 07th, 2013 at 12:39 AM