Full question:
My husband filed bankruptcy, we are separated and during the course of the bankruptcy my legal council was able to show how he had fraudulently conveyed all martial assets to his girlfriend, and he did a waiver of discharge. Please explain what this means? I thought it meant that the bankruptcy didn't grant him his bankruptcy but yet, they already sold one of his businesses to satisfy creditors, and now they want to take my house as assets?
- Category: Divorce
- Date:
- State: New Mexico
Answer:
A waiver of discharge means your husband gave up his right to have certain debts eliminated in bankruptcy. Essentially, he agreed to remain responsible for those debts and cannot have them discharged. This can result in creditors still pursuing him for payment.
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