Question: I was recently married,we bought a house together about a year ago before we got married ,she bought a truck for me about 2 years ago,i recently found out that she owed a lot of money on it and the payments are way behind,along with a few other debts,…what id like to know is with her name on the title of the house ,is it possible for her to claim bankrupcy and for me to beable to keep the house,…i can handle all the debts of the house and bills,but with this all added on theres no way i could afford it,…they are also threatining to reposses the vehicle,…all we care about is our home,…thanks
Answer: Whether or not you can keep your house if you go bankrupt depends on the value of the house, and the amount owing on the mortgage. Here is an article that answers the question: What Happens To My House If I File Bankruptcy?