Husband and wife borrow $40,000 from wife’s parents to put a down payment on a house. In the divorce papers wife gets the house (and all equity etc) and both husband and wife are required to pay $20,000 back to the wife’s mother (at $200 a month). Marital debt (credit card debt) was divided and husband had to pay back twice what the wife had to. After divorce husband filed to bankruptcy. The $20,000 could not be included in the bankruptcy because it was part of a settlement agreement. Husband did not have an attorney during the divorce, wife did. Is there anything that can be done to undo this unfair agreement? If not, what happens if husband stops paying? Can they make husband pay all of it back at once? If they garnish wages what happens if husband doesn’t have a job?
Atlanta, GA - over 3 years ago
Asked in Ashburn, VA - over 1 year ago
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