Does a divorce decree protect a person from creditors if their ex-spouse files for bankruptcy?
No. If you are a co-signor with your ex-spouse on a debt, the creditor can require the entire payment of that debt from you even though the divorce decree assigns the debt to your ex-spouse. Your divorce decree may address any recourse you may have against your ex-spouse should he or she default on the loan obligations set out.
Related Questions
- Does my divorce decree protect me if my ex-spouse has filed for bankrupcy and she has listed me as a co-signer on a Schedule D?
- My ex-spouse has filed bankruptcy and listed me as a co-debtor on a debt. Does my divorce decree protect me from having to pay?
- Does a divorce decree protect a person from creditors if their ex-spouse files for bankruptcy?
