Petitioner filing for bankruptcy during AOS period

[Daniel&Theary 30]

first he should have signed house over to her taking his name off the mortgage. that not being done, they could have signed house over to the bank.

Bankrupcy will hurt you in so many ways. it was meant to get people back on their feet but now it stays on credit reports for 10 years. That said, if his income is good enough to support you, and any money he owes on college loans, IRS or ex wife (as these are not eligble for forgiveness), then you will be ok

good luck

If in foreclosure they will not remove his name

[EAbbas 213]

If in foreclosure they will not remove his name

I signed a quit claim deed to my house several years ago when our divorce was final and we worked out a monetary payment as well as he took some of the extra debt instead of splitting the debt in half to pay me out of the house. I didnt want to wait to see when the markets improved to try to sell and we lost so much already with the values going down around us. If his name was removed he should have done it at the divorce time altho the situation may not have worked out if there wasnt a way to pay him for his portin of the house.

your right..this doesnt seem to be an option now. I just wish you luck in whatever you do and pray your AOS completes without complications.

[bizbee 0]

Thanks for all the ideas, guys. We've considered all the options and for our situation, BK still seems to make the most sense. Our research also shows that it doesn't affect the AOS proceedings. Hope everything will go smoothly.