Legal Question in Bankruptcy in Minnesota
My exhusband filed bankruptcy last year. We have been divorced 3 years and in the decree it states that i award him all rights to the house we co-owned. He was supposed to, according to the decree, either refinance me or buy me out of the house which he did not. INstead he let it go into foreclosure two years ago. I now have found out that a second, smaller mortgage in the amount of 28,000 is still open and the lender is coming after me for this amount since he is "bankrupt". What can i do? I work full time, take care of our little girl full time and obviously do not have the money to repay his debt. And yes he completely ruined my credit with the foreclosure.
1 Answer from Attorneys
Unfortunately, those types of issues must be carefully addressed in any divorce decree. After the fact, you have few remedies.
If your court order did not tie the financial settlements into spousal support, you would have no remedy since a bankruptcy would reileve him from that debt. Often, in such case, the other spouse is also forced into a bankruptcy.
For a consultation call 612.240.8005 or visit online at divorceprofessionals.com
Related Questions & Answers
-
How long does ch.7 take? How long does the ch.7 process generally take? Asked 6/28/09, 1:22 pm in United States Minnesota Bankruptcy Law