Satsuma, FL Bankruptcy Law Firms & Lawyers

His bankruptcy does not address your debts once the divorce is completed. It is very important that you seek your own qualified bankruptcy attorney to determine your rights. Please understand that filing for bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step.

A debtor generally can still rent this out after having been granted a discharge, but that debtor would also still need to work something out with the lender to either retain the house or otherwise reinstate the mortgage. Additionally, the debtor should consult with the debtor's bankruptcy attorney to make sure that renting the property won't raise any red flags for the trustee. If the discharge has been granted, and the case is closed, or on it's way to be closed, there might not be any additional issues. Possible issues to include not disclosing income, or not having the rents covered by an appropriate exemption, and other creditors could object to any discharge on the basis of not making such disclosures. This may not necessarily apply to the debtor here depending upon the stage of the bankruptcy proceedings. You should carefully discuss these plans with your bankruptcy attorney.