| Title: | Topics of Interest to Women |
| Notice: | V3 is closed. TURRIS::WOMANNOTES-V5 is open. |
| Moderator: | REGENT::BROOMHEAD |
| Created: | Thu Jan 30 1986 |
| Last Modified: | Fri Jun 30 1995 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1078 |
| Total number of notes: | 52352 |
I'm putting this in here for a female friend who doesn't work for
DEC:
It seems that this lady is in some deep financial trouble these
days, and it's being compounded by the fact that her hubby declared
Chapter 7 three years ago. My wife did some checking for here, and
it seems that if the couple wanted to, he could declare Chapter
13, a re-orginization of his debts, in lieu that he cannot declare
Chapter 7 again, which is full out bankruptcy.
I guess all the debts are in his name, so she could not claim a
bankruptcy either. I guess her question is: Can her husband claim
a legal re-organization of debts, after he has claimed a full out
bankruptcy? Also, how will this effect *her* credit in the future?
Will it effect them if and when they go to get their own house someday?
Has any other married or divorced woman out there ever been through
this before? (Anonymous entries welcomed.)
This woman needs help as the stress is really putting stress on
their marriage and they can't even afford counseling at this point.
Any suggestions and/or comments are welcome on this issue.
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 370.1 | Get a lawyer | CUPMK::SLOANE | It's boring being king of the jungle. | Tue Sep 11 1990 11:41 | 4 |
Bankruptcy law is extremely complex. Tell your friend to consult a
lawyer, preferably a specialist in the area.
Bruce
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| 370.2 | HENRYY::HASLAM_BA | Creativity Unlimited | Tue Sep 11 1990 15:00 | 11 | |
Although I am not sure I am totally clear on your question, if the
debts are totally in his name and he claims full responsibility
for them, your friend may still be able to obtain credit in her
name IF she indicates that the credit is strictly for her. I must,
however, agree with .1 and recommend she speak to a bankruptcy attorney
for more accuracy.
Best of luck!
Barb
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| 370.3 | WRKO | HYSTER::DELISLE | Wed Sep 12 1990 12:00 | 11 | |
For a little cheaper, quicker help - tell her to tune into AM station
WRKO, 680 on the dial, for a program by Steve Weisman, a lawyer. He
has a program on legal matters, on either Saturday or Sunday every
week. She could call the station to find out when, it's in Boston
listings.
While I agree she must consult a lawyer, in the interim perhaps she
needs a few words of advice. Steve's is a call-in type program, and he
is quite knowledgable on legal matters in the state of Massachusetts.
It's worth a try.
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