Nucla, CO Bankruptcy Law Firms & Lawyers

You have lots of options and it isn't possible to guess what options may apply to you without a thorough review of your circumstances. For example, what is the goal of your plan? Who is likely to be getting most of the benefit from the plan? Are you and your spouse's incomes similar or vastly different?

Yes. Debts incurred post petition are typically something a Debtor can be liable for. HOA fees are a common issue that arise until a property is properly foreclosed and transferred to another party.

Doing a quit claim deed is not appropriate and you cannot compel it without the other person's agreement to do so. ASSUMING you are NOT a co-borrower on the loans secured by the property, being on the deed, should have absolutely NO effect on your credit if you are not filing bankruptcy. Depending on the situation and type of BK filed, it might actually prevent foreclosure and possibly result in other benefits to BOTH of you - so without more details I cannot say whether your soon to be ex-spouse filing BK is a good or bad thing for you. Under some circumstances, it may be advantageous for both spouses to file BK together prior to divorce as it will clear up old debts, give each spouse a fresh start, this may be even more essential if one spouse cannot maintain a standard of living without financial support from the other. Money that would have gone to paying old debts can be used for more important things like: child support/alimony. Advice on all this really depends on many more facts about your circumstances. Obtain independent advice from a local bankruptcy attorney as far as what to expect and how this will impact you. Sometimes this might not even be necessary provided you have a family law attorney who is familiar with the interplay of marital dissolution and Bankruptcy and can advise you.