05 Jan 2016

A question about : Repoession

Well it looks like the house i got with the ex is going to be repossessed.
She says when it's reposessed and when the shortfall of negative equity is known she will go bankrupt.
Now if she goes bankrupt does all the mortgage shortfall turn on me?
Thanks folks

Best answers:

  • Unfortunately so. Jointly and severally responsible for mortgage debt if your name was on it.
  • The downside of trying to 'own' one's home?
    Bankruptcy is not the fearsome state folk believe it to be.
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