Sorry for this long question
January 12th, 2007 by Questions
When we were married my now ex-wife and I got a line of credit. I signed for the credit line, she co-signed as she had little or no credit history and thought this would be a good way to build one. When we amicably divorced we had accumulated some debt. Because my ex had no credit cards, etc. she agreed to pay off the credit line while I took care of the other half of the debt. Well, she paid down the credit line until just recently when she declared bankruptcy. I found this out from my bank who was sniffing around for a credit line payment. Is she now off the hook for that debt and I’m now on that hook? Even though she verbally agreed to pay it off? I guess boiled down, if someone owes you a sum of money, which I feel is the case here, and they declare bankruptcy are they no longer obligated to pay you?