Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Site Suggestions
Profile Image

Question By
dc082502

0 Contributions
0 People Helped
what should i do?
I'm sure theirs a lot of woman and men going thru this same thing. married for 26 years, husband wants a divorce, wife disabled, husband living with lover, wife losing house because husband ruining credit wife built to excellent. should i try to go bankrupt before divorce or what? help any one? my credit is still excellent except for 1 joint real estate at bank for $48,000. his has dropped to fair. still married....

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1133 People Helped
Most Helpful Response

Helpful to 2 out of 2 people

Filing bankruptcy will hurt your credit for 10 years and it is unknown if you would even be able to file bk or even if you did, how much you would still have to repay. I advise getting in contact with a local Divorce Attorney and consulting with them about how to handle the divorce and finances. If need be, then consult with a bankruptcy attorney for their opinions. But call a divorce attorney first.

Top Contributor
269 Contributions
114 People Helped

Helpful to 1 out of 1 people

How are you going to lose your house? You say your credit is still excellent, so does that mean there are no missed mortgage payments yet? Are you anticipating missed payments because husband has moved out?
If there are no missed payments yet, you may want to talk to a real estate professional--maybe you can sell it, or maybe you can rent it out and downsize...

If there are missed payments and foreclosure seems imminent, a Chapter 13 can put a stop to the proceedings, and you make arrangements to pay your missed payments over the next few years. 

Finally, if you were married for 26 years, you may be entitled to alimony, depending on your state.

Good luck. Sounds like a very crappy situation.

Top Contributor
79 Contributions
91 People Helped

I am so sorry to hear you are going through this.  Your best bet is to get your own divorce attorney and he/she will steer you in the right direction. 

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.