Utilities & House and bankruptcy
October 18th, 2006 by Questions
I am married and all utilites (hydro, telephone, internet, satelite…basically everything is in my name). They are all current and are not behind in payments at all. My question is that if I file a bankruptcy, what happens, should these utilites be put into my spouses name before I file?
Also, how is home equity determine. We have owned our home for 5 years and have just renewed our mortgage. Is a home appraisal required to determine market value? The house is in both our names and the mortgage and taxes have never been in arrears?