Legal Question in Bankruptcy in Maryland
Bankruptcy
I own a house with my ex boyfriend and he is filing bankruptcy and I need to know what that is going to do to me since we own a house together and we have a $10,000 loan we owe money for.
Asked on 3/04/09, 4:11 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Bankruptcy
You will remain liable for the loan, and if you pay it, the lender won't be able to foreclose. If there is equity in the house, the trustee will probably be able to sell the house (giving you your share of the equity after paying off the loan).
Answered on 3/19/09, 12:33 pm
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