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Open Question: Bankruptcy paperwork question involving a quit claim deed.?


This is a discussion on Open Question: Bankruptcy paperwork question involving a quit claim deed.? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; I was divorced 5 years ago and at that time I filed a quit claim deed on the house. This ...


   

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Old 07-18-2008, 03:47 AM
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Default Open Question: Bankruptcy paperwork question involving a quit claim deed.?

I was divorced 5 years ago and at that time I filed a quit claim deed on the house. This did not relieve me of financial responsibility, but removed me from the deed. The ex has stopped paying the mortgage loan and is not able to refinance due to shot credit. I am filing Chapter 7 in order to clear myself of the financial obligation on the mortgage loan.Since I am no longer on this deed should I still list the house as an asset? I know that I am required to list all assets according to law, but since I'm not on the deed and have not been for years is it really considered an asset? If so do I just list my part of the joint value as 0.00? Thank you for taking the time to read my question
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