M, my ex, is well into the process of filing Chapter 7 bankruptcy. Strangely, she listed me as one of her possible creditors. I tried to check with her attorney about what that nonsense was all about, but never connected with him. Oh well. She didn't owe me any money. I suppose there could be an effect on the remaining joint assets (some timeshare stuff). Or she may pull some shenanigans. Can't do a thing about it though.
I think a big part of the reason for her filing is the foreclosure on our old house/property. I'm sure there's a fair sized deficiency balance that will result when the bank finally fully possesses that place and sells it. Apparently she still thinks, and has an attorney to help accomplish it, that she might yet force them to restructure her mortgage..... But I doubt that will actually happen.
For one, she's reserved all the money that should have gone toward the mortgage - the lady has $12k in the bank for heaven's sake. I think the laws require that there be at least a little effort that continues by the debtor to pay regularly on the mortgage....
Too bad. It's a really nice house and property. It'd be kind of nice to get it back by a purchase, but it's still too far out for a satisfactory commute and for being even remotely active in a social scene.
Will be mildly interesting to see what transpires.
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