Legal Question in Real Estate Law in Ohio

Letter of Intention

When my husband bought me out (due to a divorce) he was unable to refinance the full amount that he owed me so, a letter of intent was written up, signed by both of us and notarized. Also a clause was added that the money owed could not be involved in a bankruptcy, charge off status, etc. If it came that I had to sue for this money, would this ''letter of intent'' hold up in court and could he file bankruptcy on it. Under this agreement I did sign the quit claim deed. Thank you, Stacey


Asked on 11/15/01, 9:31 am

1 Answer from Attorneys
Frank Rozanc Frank J. Rozanc, Esq.

Re: Letter of Intention

The letter should hold up in a bankruptcy proceeding. The nondischargability provisions should be brought to the court's attention ASAP.

Read more
Answered on 11/18/01, 1:52 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Ohio