Ohio Chapter 7 Bankruptcy
Re: Ohio bankruptcy law – Professionals only please.?
my friend was married for two years and divorced. They had a house. separation agreement ordered to go up for sale and each pays half the mortgage until the sale. It's been a year, not the sale that is in arrears for the past eight months. Have you tried to work with it a contempt not to press charges. He turned around and filed Chapter 7. Will the court feed your ease of this debt – leaving him to pay all this? His name is on the mortgage too. Can you get the hook even if your name is on the mortgage? Thanks much.
Wow you have a lot of questions but I will do my best to answer them. Firstly there is no such thing as bankruptcy law in Ohio. Bankruptcy law is federal court and the law does not change depending the state where they are in. Secondly, in case of bankruptcy, a high personal debt can. If the files bankruptcy, it will relinquish its half of the house to his creditors, and these people are your ex-husband, so they do not know that's going to help her a lot and will lead to the former gets all the house w / no need to divide the revenue w / her, which is probably a good deal for him. It also means he can then sell the house for whatever you want and keep all the assets over the amount owed to the bank or could Refinance w / the bank and now owns 100% of the house itself. Besides, if she earns more than a certain amount of money (I think $ 35K now) she has to go to Credit Counseling and must enter into a payment plan to pay their debts. If you enter a payment plan w / your creditors (which include his ex and the bank holding the mortgage). Hard to say much more b / c I do not know if these people have a mortgage and if she is on the title to only the mortgage or vice versa, but I hope that helps.
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