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Debts and Bankruptcy

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huntersmommy06

Member
What is the name of your state?What is the name of your state? Florida
Currently in process of divorce. My husband and I have approximately $54,000 in debt. 2 car loans (husband's name), 1 student loan (my name), 3 credit cards, numerous utilities and misc.

My husband inadvertantly mentioned to me this am that he will be filing for bankruptcy once the divorce is finalized. I am under the impression from other posts that creditors can or will come after me for any debt that is court ordered to him if he does in fact file.

Is there anything I can do to protect myself at this point or in the future? Please advise.
 


LdiJ

LdiJ

Senior Member
huntersmommy06 said:
What is the name of your state?What is the name of your state? Florida
Currently in process of divorce. My husband and I have approximately $54,000 in debt. 2 car loans (husband's name), 1 student loan (my name), 3 credit cards, numerous utilities and misc.

My husband inadvertantly mentioned to me this am that he will be filing for bankruptcy once the divorce is finalized. I am under the impression from other posts that creditors can or will come after me for any debt that is court ordered to him if he does in fact file.

Is there anything I can do to protect myself at this point or in the future? Please advise.
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The creditors can and will go after you for any JOINT debt that he is ordered to pay. About the only thing that you could do to protect yourself would be to make the judge aware of his plans to see if somehow that can effect the settlement.....or if there are enough assets to cover the debts then make sure that they are used for that purpose.
 
H

huntersmommy06

Member
LdiJ said:
The creditors can and will go after you for any JOINT debt that he is ordered to pay. About the only thing that you could do to protect yourself would be to make the judge aware of his plans to see if somehow that can effect the settlement.....or if there are enough assets to cover the debts then make sure that they are used for that purpose.
Click to expand...

Unfortunately, we have NO assets. Thank you for your help LdiJ!
 
C

cyana24

Member
It's an unfortunate fact that divorce oftens results in two bankruptcies when there are enough assets to cover the debts.
 
A

absconder

Guest
In other words she up a creek like he is except her student loans are hers forever.I love equality.
 
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