Bankruptcy with Divorce Issues
August 3rd, 2009 by Questions
My wife (has separated from me Nov 24/08) and we have a house (owned jointly) which is currently up for sale. She declared bankruptcy (Jul 10/09). Alone, I cannot afford the mtge payments or the taxes.
Question: How do the trustees settle her 1/2 of the mtge debt – do I receive a payment on the 50% of the appraised value, or do they work out a deal with the mtge lender?
Posted from: Ontario