Legal Question in Bankruptcy in California
DIvorced and filing chapter 7
I am filing a chapter 7. In my divorce my ex-husband was given sole responsibility for the house and boat. I signed a quit claim deed on the house, but my name still appears on both loans. Do I still list these as creditors? Would the be listed as my assets? Do I have to do anything else so he doesn't lose them?
1 Answer from Attorneys
Re: DIvorced and filing chapter 7
Yes, both loans should be listed as creditors. Your BK will discharge any responsibility YOU have on those loans, but not your ex's.
If your name is still on the title of the boat, it also needs to be listed as an asset (you'll want to show the Trustee a copy of your divorce judgment showing the assets were awarded to your husband). You will not need to list the house on Schedule A (if you are no longer on title); but you'll need to disclose the transfer in the Statement of Financial Affairs.
I also have an office in El Centro if you need further help.
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