How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ellen Your Own Question
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
Type Your Bankruptcy Law Question Here...
Ellen is online now
A new question is answered every 9 seconds

I am legally seperated from my husband and the house deed is

Resolved Question:

I am legally seperated from my husband and the house deed is in my name only. He is still on the mortgage though and is filing for bankruptcy. How does that affect me?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.
do you have equity in the house? When was your legal separation signed?
Customer: replied 7 years ago.
I have about 30,000 equity in the house. The seperation was signed in July 09.
Expert:  Ellen replied 7 years ago.

Thank you for your question.

Your husband share of the equity in the house that was transferred to you in the separation agreement of July 2009 could be considered as part of the bankruptcy estate. the bankruptcy trustee has the authority to avoid any transfers of the debtor's property that have occurred for less than adequate consideration two years prior to filing bankruptcy
Customer: replied 7 years ago.
Thank you. Will it also affect the mortgage loan in any way.
Expert:  Ellen replied 7 years ago.
Provided you continue to make payments on the loan, there will be no effect on your mortgage
Ellen and other Bankruptcy Law Specialists are ready to help you