If my wife files bankruptcy and I am not on any of her loans. Will the court account for my income aswell?
by Mortgage Rates on Friday, October 1st, 2010 | 2 Comments
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As long as your name is nowhere on the loan or the deed to your wife’s house, then the answer is no, they cannot come after you for the debts for this house. However, when it comes time for you to buy again, you will have to rely solely on your credit and income to get the next house, and not your wife’s. Try and find an alternative to bankruptcy. Could you get a home-equity loan, and build on to the house to make it big enough for your needs? Maybe also you could get a personal loan for the difference between the equity in the house, and what you owe, and get the fixed interest rate that way. I would try every way that you can to avoid bankruptcy. Good luck.
Hi,
I used “Credit Solution” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://lnkurl.com/25