Thanks in advance for all reponses. I hope someone can help me here. My ex and myself cannot agree on property division and children custody so our battle has been ongoing for months now. We tried mediation and tried negociating but he does not want to budge at all on his position so it lingers...He still pays for half our credit card payments and mortgage payments but last month he stopped paying half of the mortgage insurance and threatened me to stop some other payments if I don't agree to sell our house or buy him out and accept his offer to settle. He also made threats to go after full custody and cs if I dont accept his offer
Tonight I spoke with my ex about the children and then he brought up the topic of being broke and running out of money again. He said that he talked to a financial counsellor and that he was told people go bankrupt for less than the situation he is in. He said that he will have no choice but go bankrupt because I don't accept his offer to settle and he is running out of money and has his rent and own payments to make.
Now, the threat of bankruptcy scares me. I cannot make the full payments on the mortgage and credit cards on my own unless we sell the house or I buy him out. My financial institution has approved me for a refinance so I am in a strong position. I absolutely don't want to go bankrupt.
What will happen to our house and the debts we have in common if he goes bankrupt? What are the implications for me? Should I be scared and accept his offer to settle asap? I'd rather accept his offer rather than follow him in his bankruptcy spirale.
Advice appreciated thanks
Tonight I spoke with my ex about the children and then he brought up the topic of being broke and running out of money again. He said that he talked to a financial counsellor and that he was told people go bankrupt for less than the situation he is in. He said that he will have no choice but go bankrupt because I don't accept his offer to settle and he is running out of money and has his rent and own payments to make.
Now, the threat of bankruptcy scares me. I cannot make the full payments on the mortgage and credit cards on my own unless we sell the house or I buy him out. My financial institution has approved me for a refinance so I am in a strong position. I absolutely don't want to go bankrupt.
What will happen to our house and the debts we have in common if he goes bankrupt? What are the implications for me? Should I be scared and accept his offer to settle asap? I'd rather accept his offer rather than follow him in his bankruptcy spirale.
Advice appreciated thanks

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