jointly owned property and potential proposal
February 11th, 2010 by Questions
My ex and I are going through a divorce. Both our names are on the title of the house and on the car. I no longer make the mortgage payments but he continues to do so. He does not pay my car payments but I do. Given the amount this divorce has cost me, I now have two options, try a proposal to my creditors or declare bankruptcy. What happens to those assets. Note that both the house and the car have more debt tied to them then either one of us could sell them for.
Posted from: Alberta