Expert: Terry Leeders - 10/30/2008

Question
I have recently separated from my husband. I moved out of the house, he still lives there. I would like my name off the mortgage. Would filing bankruptcy accomplish this, and would he be able to continue to live in the house if he continues to make the payments?

Answer
Hi.
A bankruptcy can remove your responsibility for the payments of the mortgage.  Your cosigner is still responsible for the entire payment, and would need to continue to make the payments.  Bankruptcy will not take you off the title to the home though, that can only be done thru deeding it over.