Legal Question in Bankruptcy in Iowa

Morgage question

My wife and I may divorce can I just stop paying the morgage and second morgage b/c I can't pay rent for a apartment and both morgages. What will it do my credit or do I have to file bankruptcy. Most of our debit is in the house and both morgages. ?? Thanks


Asked on 4/25/02, 11:23 pm

1 Answer from Attorneys
Bruce Buckrop Bruce Buckrop

Re: Morgage question

You had better talk to your divorce lawyer, to see what you are up against, if you stop paying on the mortgages, and then a divorce judge says you have to pay you may have ruined your credit, and you cannot discharge in bankruptcy maintenance decrees, or divorce obligations without

proving undue hardship.

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Answered on 4/26/02, 12:25 pm


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