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Confused

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SKTMuggle Guest	Posted: Wed Mar 02, 2011 12:29 pm    Post subject: Confused Like 0 Dislike 0 My ex husband and I own a home together in Kansas. He was awarded the house in the divorce and has made all payments on time since the divorce. His credit, however, is horrible and he is unable to obtain financing in his name alone. So my name remains on the mortgage even though I've had nothing to do with the mortgage for a year and he claims it on his income tax. . He is now in financial trouble and is unable to sell the house. He is talking of filing bankruptcy. My credit is excellent. How will this effect me and is there anything I can do to protect myself from the fallout of his situation?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Wed Mar 02, 2011 8:14 pm    Post subject: Like 0 Dislike 0 Hi SKTMuggle, If you're not filing bankruptcy jointly with him, then his bankruptcy filing won't affect you. However, as your name still remains on the mortgage docs, then you'll become liable for the mortgage in full after he receives a discharge from his bankruptcy. _________________ Procrastination is the enemy of your financial success

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