Legal Question in Family Law in South Carolina

Held Harmless??

Before divorcing,my(ex),my son and I purchased a bar rest.w/$30K dwn, her 25K home & my $75K home and my $170K of life insurance as collateral.The divorce states until she gets my name and home off the loan she won't get her 12,500 of 401K $$ or $12,5000 in cash I'm to be held ''harmless'' from debt or consequences.BUT both her & my son did not hav enough credit to refinance. The bar is going belly up. Banker is come looking for money due in August! they owe $73,000 at $1,300 a month & ballon paymt soon. What can I do to save my home from being taken by the bank, Had it for 28yrs &have a 1st mort.of only $2,300& a home equity loan for $1,800. It's almost paid off!! I rent it out with a lease through June 1st. What order will they take to get thier money? Force me 2 evict the tenants & sell? or will they take possesion? Don't they have 2 go ''after my ex & my son first & sell the contents of the resturant. (the prop is leased) She never worked until we bought this rest/bar & after 28 years- left me only 8 months after this resturant deal. She got the resturant (her only means of support'' and 25K in pension and cash, &I got the House ''ha!'' the thought of her costing me everything I ever had &now my home& my flawless credit too!!

1 Answer from Attorneys

Related Questions & Answers

More Family Law, Divorce, Child Custody and Adoption questions and answers in South Carolina

Looking for something else?