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Ex-husband filing for Bankruptcy

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whattodo

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Post Posted: Wed Nov 09, 2011 1:33 pm    Post subject: Ex-husband filing for Bankruptcy
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Will I loose my house if he files for Bankruptcy? The house deed is only in my name but the mortgage has both of our names. Please help
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Icon Mini Profile jameshogg
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Post Posted: Wed Nov 09, 2011 6:28 pm    Post subject:
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Hi Guest,

You will not lose the property but you will become solely liable for paying the mortgage debt in full. The lender will come after you to recover the debt as the other person will get a discharge from it.

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Icon Mini Profile sabrinatoss
sabrinatoss
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Post Posted: Wed Nov 09, 2011 6:51 pm    Post subject:
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hi whattodo,

The debt becomes the responsibility of the co-signer. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.



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