Today 02/22/2012
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bankruptcy and separated spouse

Question: I am separated from last three years and have a house which my husband gave me in mutual agreement. now I found out that he filed a bankruptcy in 2010 and not cleared yet. I am trying to sell my house will I be facing any problem due to his bankruptcy. The house is on my name after separation in 2008 and I am the one taking care of everything.I never did and cosign or anything joint with him. now I don’t have a job and want to downsize my house. will there be any problem.
thanks

Answer: If the house was transferred to your name in 2008 due to a separation agreement, there should not be any problem with you selling your house, since his bankruptcy didn’t happen until 2010.

If you are planning to sell the house, you can confirm this with your real estate lawyer.

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