2007-04-09 03:23:49 · 4 answers · asked by chris b 1 in Family & Relationships ➔ Marriage & Divorce
Whoever get the property gets the bill legally but the other is still responsible if they default if they are on the note . The bank doesn't care if you get a divorce or what the judge says. If you signed the note you are responsible. It may be hard to do if you just filed bankruptcy but I would require that anything that she wants she has to finance in her name only. Same goes for you. There is no way that you should let her keep anything that is financed in your name. I will guarentee that after a divorce you will start from zero if not lower so get used to that idea. Just make sure that it is all finished so you can start over.
2007-04-09 03:41:26 · answer #1 · answered by Shaboomshaboom 2 · 0⤊ 0⤋
If the home and cars were purchased after you married, they will either have to be sold, or you and your lawyers need to decide who gets to keep what. Your bankruptcy shouldn't affect your property settlements unless you filed on the house and cars. Best to sit down with each of your lawyers, and work out all of the details.
2007-04-09 03:33:04 · answer #2 · answered by grandm 6 · 0⤊ 0⤋
If you filed a bankruptcy case a year ago, you can't file another one and get a discharge. You can't file a chapter 13 case either. You will have to continue paying your normal payments on your house or car or you will go into default, resulting in foreclosure of your house or repossession of your car.
2007-04-09 13:52:44 · answer #3 · answered by DLeibowitz 5 · 0⤊ 0⤋
Assets and debt are split in divorce. Expect hard times
If you can avoid divorce by working on the relationship you will be money ahead. When my wife and I separated we both racked up debt to live to the tune of about $30k.
See if she is willing to go to a therapist with you.
2007-04-09 03:31:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋