Bankruptcy My Car
Can my soon ex-husband to be file bankruptcy on our car and me be just SOL, and not be informed?
He’s already done enough damage…Too much to write down…I am getting him credit for paying for the other car and some other things…Just to help me stay in the game…But he took our brand new car and is not even paying the notes and is driving it around with no insurance…When it comes time…And he will…File bankruptcy because he already has one repossession on his report…If he files bankruptcy on this car we have together…How will this affect me?…Will I have to sign something before he can do the bankruptcy thing?
Make sure in your divorce decree that is specifically states he is responsible for his dept (make sure they are itimized) and make sure there is a hold harmless clause in the decree (this states that the ex-spouce should not be held responsible for a debt even though his/her name is on it).
Here is what could happen even if you have those two things in place…your spouse files bankruptcy and allows the car to be repoed (and there is still a balance due when that is done). The bank can still come after you with the hold harmless clause, a judge can even order you to pay the debt. You can in turn sue your ex for legal fees and the amount you had to pay to bail him out. This is exactly what happened to my best friend…she had to pay the debt, she sued her ex and won and now he has to pay her or go to jail.
New York Bankruptcy Lawyer – What Happens To My Car In Chapter 7?
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