debt

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iceberg

iceberg

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My ex and I had a 12K debt when we divorced. We agreed I will pay her half monthly. A year later her debt totalled nearly 40K. IDK why.

She said she will file for bankruptcy. IDK if she did but iif she did am I obligated to pay her the remaining of OUR debt?
 
The 12K was in her name but in our minutes of settlement i agreed to pay half plus interest because we spent it together but if she bankrupted IDK if I still have to pay her
 
You might want to double check that the debt is not attached to your name at all. If she is claiming bankruptcy it will impact your credit rating as well.
Also make sure you have no other joint accounts/financial responsibilities still not separated.
 
You obviously aren't paying her enough ss. :)

If you had a contractual agreement to pay half of that 12K, she needs to disclose it on her bankruptcy papers, and yes, you are still on the hook.
 
None of it is in my name. I simply agreed to pay half because we spent it together. After we divorced she got deeper in debt on her own. I was paying her my part and if she filed for bankruptcy my name cannot be mentioned anywhere and doesn't affect my credit. The only thing is she keeps getting money from me for the debt she doesn't pay (if bankrupted )
 
iceberg said:
None of it is in my name. I simply agreed to pay half because we spent it together. After we divorced she got deeper in debt on her own. I was paying her my part and if she filed for bankruptcy my name cannot be mentioned anywhere and doesn't affect my credit. The only thing is she keeps getting money from me for the debt she doesn't pay (if bankrupted )
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So you divorced and you are still paying half of the debt she is ringing up?? Figure out how much of the 12k that you paid plus the interest. You only said you would pay that, not the rest of it. I would stop giving her money. If she claims bankrupcy then the debt is gone, you should not have to pay her anymore money.
 
If she declares bankruptcy, she may still be required to pay for a percentage of the debt, based on her income and any assets she has.

If this were me, I would say that she needs to show you documentation of the terms of bankruptcy so that you can see what percentage of the debt still exists. Then you can pay her half of that percentage.

At a personal level, I would be thinking that she had the option of declaring bankruptcy all along, and the payments made so far have just been going down the toilet. Resenting something isn't always the best way to make a decision, but I would use that to feel firm that she needs to give me full disclosure and I need to see exactly how much I owe toward outstanding debt.
 
Mess said:
If she declares bankruptcy, she may still be required to pay for a percentage of the debt, based on her income and any assets she has.

If this were me, I would say that she needs to show you documentation of the terms of bankruptcy so that you can see what percentage of the debt still exists. Then you can pay her half of that percentage.

At a personal level, I would be thinking that she had the option of declaring bankruptcy all along, and the payments made so far have just been going down the toilet. Resenting something isn't always the best way to make a decision, but I would use that to feel firm that she needs to give me full disclosure and I need to see exactly how much I owe toward outstanding debt.
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I think when you file for bankruptcy you only pay the bankruptcy fee. Either way she won't admit that she filed and there is no way for me to find out. But eventually the truth will come out and if she filed I Iwill ask for some of that money back. BTW she said she didnt file for bankruptcy is because she has too many debts to collect them all lol. I dont trust her
 
Ask for proof of payment or get her to provide the account info where the debts are held and pay them directly.
 
NBDad said:
Ask for proof of payment or get her to provide the account info where the debts are held and pay them directly.
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She already refused to provide proof of payments. I should have made it to pay directly to collection agency but instead I agreed to be paying to HER in our minutes of settlement.

Not sure how to change that without making a big deal of it.
 
Stop paying until she provides proof of payment then :D What's she going to do? Take you to court?

"Your honor, I received word that she had declared bankruptcy, which was not a foreseeable circumstance when we did the agreement, as I thought we had made arrangements to cover the marital debt.

I therefore requested proof of payment, as per the order the funds I was providing her was to be used towards the debt. She refused to provided proof that the funds were going for the court ordered purpose and therefore I halted payment pending proof of payment.

As you can see by bank statement X, I have been accumulating the funds ordered, as I have every intention of paying the amount I was assessed during the separation, but she has thus far refused my reasonable request to be shown proof that the funds ARE going towards the marital debts. "

Save the monthly amount you are supposed to be giving her in a separate account, just in case she IS paying the debt and tries anything, you can show good faith in saving the monthly payments you are supposed to be making.
 
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