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re: Student loans/ divorce settlement
Posted on 5/22/12 at 10:02 am to Evil Boll Weevil
Posted on 5/22/12 at 10:02 am to Evil Boll Weevil
Declare bankruptcy. Why would you cosign on anyone's student loans? I had been married for 4 yrs and still wouldn't cosign on my wife's loans. Figured her doing her own loans would give her incentive to actually use her degree.
3
Posted on 5/22/12 at 10:13 am to guttata
quote:
Declare bankruptcy.
I think this is bad advice... I could be mistaken, but I'm fairly certain that student loans are not dischargeable in bankruptcy.
I would think you should talk to your divorce lawyer about this. I have no earthly idea if the divorce settlement agreement would negate the co-signing for the loans. Although, frankly, I would be surprised if it really did.
Posted on 5/22/12 at 10:38 am to guttata
I was 20 at the time and not all that smart, I guess. I'm 35 now and have all my "ducks in a row" financially so bankruptcy is not an option. I was just wondering if anyone had experienced a similar situation or had legal advice before I contact my lawyer about it.
Posted on 5/22/12 at 10:42 am to guttata
quote:
I had been married for 4 yrs and still wouldn't cosign on my wife's loans.
True love
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