My wife left me after 10 years of marriage and unknown to me,declared bankruptcy on her own. All debts she left to me were joint debts such as credit cards, car loan and a line of credit. The creditors are now after me but with one income I am struggling to survive. There must be something I can do to respond to this. I am so financially tight being left with two children that I cannot afford a lawyer or a trustee. Can you advise me on what course of action I can take. ? The car has been repossessed, but the bank are still asking for money- do I have to pay them. Is my wife, we are not divorced but have been apart for 2 years, legally responsible for any of this "joint" debt. Please advise me
Sincerely
Stressed out and depressed -- (name withheld) age 34
posted by Questions @ 10:01 PM
1 Comments:
At 8:22 PM,
J. Douglas Hoyes, CA, Trustee said…
If you co-signed the debts with your wife, you are both responsible for it. Once she declared bankruptcy, she was no longer responsible for the debt; now you are responsible for it, so it may be necessary for you to file a proposal or go bankrupt to deal with these debts.
Again, you do have options, so the sooner you contact a trustee for some advice, the sooner you can get back on track financially.
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