I am near the end of my divorce and have found out my wife has filed bankruptcy. I have loans in both our names I have been making payments on. I am the primary on both loans,one is an auto loan,the other a signature line of credit.Both are not sending billing statements any longer. When called I got no information from them,just that I need to talk to bankruptcy departments. Am I still liablw for payments in the loans if they are covered under her bankruptcy filing? Will this effect my credit? And do I need to worry of my truck being repossessed?
Unfortunately you are still liable for the loans and you are not protected by her filing bankruptcy. If you fail to continue to make the payments then the creditor will report the payments as late and you will hurt your credit. This is a common occurrence in divorce situations, usually both parties end up filing for bankruptcy once one files.