Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Couldn't I get absolved from this via bankruptcy by including any obligations from the divorce decree in it?
I have no assets now and it wouldn't be worth her to go after me except being removed from an obligation to pay me a 48K equalization payment. Could she come after me in the future when my financial situation improves?
So, the only solution to prevent any future headaches from this is a short sale?
can't do any of those
house is under water
Canadian Bankruptcy process for notifying creditorsThere is currently a loophole in Canadian law where divorce settlement payments can be discharged via bankruptcy as explained in this CBC article in 2011:http://www.cbc.ca/news/canada/story/2011/07/14/supreme-court-divorce-decision.htmlWhat's disconcerting is the affected spouse did not know her ex filed for bankruptcy and therefore could not act in a timely manner to fight for what was due to her in divorce.In the US, you are required to notify your creditors directly when filing for bankruptcy so they when and where the hearing takes place.What is the process/requirements for Canadian bankruptcies to contact creditors about these hearings?
Sorry, I meant this to go out to a Canadian bankruptcy lawyer and not be a reply to your response.
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