Legal Question in Family Law in Minnesota
Ex-wife's business bankruptcy
My ex-wife had a business in her name.
Unfortunatly I co-signed on the lease
for her business space. Her business
went bankrupt and she now is being
taken to court for late lease payments
and the remaining lease payments. In
the divorce she was awarded her
business which I did not have my name
on at all. So now since my name was on
the lease is there a way I can get out of
this situation.
1 Answer from Attorneys
Re: Ex-wife's business bankruptcy
You are in a difficult spot. As part of the divorce, you should have had your name removed from the lease by having her sign a new lease. Since you did not, you have limited options.
The creditor is not bound by your decree. As a result, they may rely on the lease contract and pursue you for payment. You r only option is to, in turn, sue your ex for any payments you would be required to make.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
