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Reaffirming Financing

Discuss the legalities of Bankruptcy Law

Reaffirming Financing

Postby Bradaigh » Thu Jun 12, 2014 8:40 am

My spouse and that I collectively submitted for Section 13 and had it transformed into a-7. It had been released in January 2010. Listed here is my issue:<br />
1. The economic issues of BK led to my spouse processing for divoce. She's requesting me to market the home and provide her 1 / 2 of the houses fairness. Used to do not reaffirm the house or vehicles and he or she didn't possibly. As well as the houses market price is significantly less than the total amount owed about the mortgage. <br />
2. Throughout the transformation from 13 to 7, she went (unconsciously in my experience) went and used under her title for more charge cards. These cards weren't incorporated about the 7. I'd no thought about them, and today her lawyer is petioning me to pay for these charge cards like a area of the divorce settlement. <br />
Thanks
Bradaigh
 
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Re-affirming A Loan

Postby Eachann » Wed Jun 18, 2014 9:23 pm

Its certainly not 50/50 and also the judge has substantial permission on the best way to spend it if its within the container for fair distribution --as well as in FL the day for department ---will be the day breakup was filed.<br />
But main point here if she's utilizing a compensated gladiator and also you are getting at it pro-SE---you're in-line to get a bad-hair cut!
Eachann
 
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Re-affirming A Loan

Postby Rickward » Sun Jun 29, 2014 10:24 pm

1.  when there is no collateral then she gets half the debt.  you-can't provide her exactly what doesn't exist.<br />
2.  I believe this can be a strategy by her attorney to obtain one to absorb her debt.  Nevertheless neither of those problems are types as you are able to combat in your own.  you have to employ the largest shark available to deal with this normally you're likely to get taken up to the products on this.
Rickward
 
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Re-affirming A Loan

Postby anrai » Sat Jul 05, 2014 4:44 am

If the "new" credit cards were debts incurred during the marriage and prior to separation- they would be considered marital debts and both of you would be responsible for these debts ( how much would be according to your relative incomes and other factors).
anrai
 
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