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If I cannot pay all the debts assigned to me by the court, what will the court do?In the divorce I was assigned all of my ex-wifes credit card debt, and 1/2 of her student loan debt of $120k, as well as all the joint debts, and my own debts. After paying for the basic living expenses of shelter, food, heat and light, and transportation, as well as the joint debts there is not enough left over to even pay the minimums due on these other debts. What can or will the court do in this case? Attorney answers (1)
Reputation Level 13
Answered over 2 years ago.
Divorce / Separation Lawyer in Denver, CO.
I think you need to speak with a bankruptcy attorney who also practices family law. I am not saying that you should declare bankruptcy, but I just think you need to understand all of your options here.
Culver 1 person marked this answer as good
Grant David Van Der Jagt, licensed in Colorado
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