property settlement bankruptcy
Divorce and property settlement.?
My husband ex wife has dragged her feet for years, and they are finally going to have their property settlement next month.
They had/have alot of marital debt, which my husband has been servicing on his own since separation, she has made no contributions whatsoever.
She has now gone ‘bankrupt’, to get out of paying her share, so obviously my husband has to be fully accountable for the debt.
They have a large investment which is enough money to pay off that Martial debt, We are hoping that the judge will order that the marital debt be cleared with this money.
Do you think this will happen?
Part of the reason she filed bankruptcy was because she went into further debt through lawyers trying to keep my husband from having visits with their children. But im assuming that that debt would be considered ….post separation debt, that my husband should not be liable for?…………..am I right in thinking that?
Its possible. Chances are the invesment will be used to pay off whats lowedand if anything remains it will be divided between the two of them. Now he can always file suit against her for money he feels she owes him and at least get a summary judgement for a lien to be put against her estate so hopefully on day he will get his money back. Now the Judge could also order that any remaining investment money that was to be split and give her share back to your husband to offset costs already paid with a little luck and provided that theres anything left over. But then still sue her for any remaining money owed you. good luck
Bankruptcy Basics – Part 1: Introduction
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Impact of bankruptcy on the dissolution of marriage in Minnesota … |
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The impact of bankruptcy on dissolution of marriage in Colorado … |
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Impact of bankruptcy on dissolution of marriage in Virginia … |
