Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy attorney here to assist you.
If you file a Bankruptcy on your own - without your husband - that will not affect your husband's credit or show up on your husband's credit report.
However, whether or not your Bankruptcy can affect your home depends on how much - if any - equity your home has.
To help determine this, please answer the following:
1) What is the current market value of your home? (How much can your home sell for right now?)
2) What is the balance on the mortgage(s) for your home?
appraised $230,000.00 in 2010 - balance $198,000.00 - refinanced in 2011
Thank you for your response.
Since your home has less than $43,250 equity (current market value minus the balance on the mortgage), filing a Bankruptcy will not affect your home either.
I think this is what you wanted to know. If not, please let me know.
If I ask another question, will I be charged again? It's concerning same situation but different area.