Bankruptcy with Ex: Will she lose her home if I file?
October 8th, 2015 by Questions
Hello, there – my wife and I separated about five months ago. We have a separation agreement that outlines clearly what I am to pay her. I make three times her income, so she relies on me for alimony and child support. I also am entangled in a civil matter, which is turning out to be beyond what I can afford (legally). I am considering bankruptcy as I cannot afford the legal fees anymore. The thing is, we had two homes this year. We sold one, and my ex. gave me all the profits from the sale, and I agreed to let her take over the title on the other one. I needed the funds from the first house to pay for my legal fees. Will my ex-be on the hook as well if I go bankrupt? I am worried about the home she is in with my child. There is not a whole lot of equity in it, but the transfer of title took place in the last few months, and now I am possibly going bankrupt. We did write up an agreement…and I did get paid out for the other house. I’m just wondering if my civil matter and going bankrupt will affect her.
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)