Question by Red: I need advice re: bankruptcy and Divorce?
My Husband and I are seperated, the house has been in my name for over 2 years. he is on the verge of bankruptcy. Will the trustees try to get 50% of the hourse or the deficit amount at the time of signing it over to me which was £20,000. Any Advice would be gratefully received.
Best answer:
Answer by Chris Try to get him to refinance the home in his name. Maybe if he thinks he’s getting a good deal on extended financing. As long as your name is on the mortgage you are stuck. If it goes bad, you can put a statement on your credit report explaining the situation.
Question by Completly in love…: Seperated, headed for divorce and need advice on Bankruptcy .?
Has anyone filed bankruptcy due to overwhelming debt accumulated during a marriage? Does it affect just the person who files or both of you? Did it help you rebuild your credit/life & how long before you’re not looked at as a risk to creditors? Thanks
Best answer:
Answer by beth_n_danny It effects both of you if you both your names are on bills. It takes about 10 yrs. to get credit straightned out. Word of advice…try not to file bankruptcy, try to find ways around it or get help from one of them companys that help put all your bills together and you just pay one payment. Wished I had and sorry I don’t know of there names, i just seen them on t.v.
Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation t. . .
Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation t. . .
Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation t. . .
Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation t. . .
Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation t. . .
Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation t. . .
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