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Displaying (1) Comments | Comment on this piece | Report objectionable art
RE: A divorce court has no arutotihy over the original agreement between a party that is not part of the divorce case. In other words, if I lend a husband and wife some cash with each one individually responsible, then the divorce court cannot change that agreement. What the divorce court can order, however, is who is responsible between the two, former married couple, for the debt. If a party does not hold up to this agreement, then the divorce court is the proper venue, right before the same Judge that signed the order again the third party is not part of that case.The Bankruptcy court has arutotihy, however, to terminate the legal responsibility to pay back debt, within the bounds of the bankruptcy code. (I am no attorney, but it is my basic understanding that debt secured by primary residential real estate is, generally speaking, not subject to much discretion. See the whole cram down issue regarding mortgage debt and bankruptcy.) Rate this comment: 0 0
By: | Mar 12, 2014 | Report Comment
fmopa1
angelad | Region 4
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