deficiency judgement bankruptcy

[mage lang="en|de|en" source="flickr"]deficiency judgement bankruptcy[/mage]
Can I cash in my wife's name when I have applied for bankruptcy?

I walked away from my home in Michigan (prop val. Fell from 140k to 65k) and bought a Another home almost ….. The Bank has not come to me and I'm not a payment in 5 months, they have replaced …… I know the foreclosure and is probably a lack verdict, but I plan to file bankruptcy if it …… but my question is …… the mortgage was in my name and I only have my money in cash in a safe and would like to open an online trading acct. and put some money into the market in the name ……… It would be a wise thing to do? Even if we are married, may the bank after all she has in her name, although her name is not on the mortgage?

Simple answer is no they can not hunt them for the debt in your name (Unless you have verifiable common property), but people can very carefully her financially as their name will ensure that links are going to happen to follow a runner on your existing mortgage with a potential bankruptcy of her husband. I assume you were not stupid enough to the new house in your name again, that should They protect both unless the bank decides to investigate, they suddenly find the money for an outright purchase of a new home, my guess is that with the economic turmoil going on right now, would maintain they have the inclination or resources to prosecute the vast majority of cases as low as yours. But if they decide, after you go to sell the outstanding debt as soon as the first House is sold, a collections agency, then you could be hunted and harassed, but apparently not by clicking the "obvious" assets bankrupt you should be free to pursue life with a new found sense of freedom, although experience, as with the trading account, your wife identity.

Deficiency Judgement Can Come Back to Hurt You Later