Avoiding bankruptcy on house during divorce
Date: Thu, 11/02/2006 - 04:05
Avoiding bankruptcy on house during divorce
I am court ordered to pay 1st mortgage. went from $833 to $1900 in one year. Husband won't cooperate and banks won't either - had the house on market for over 6 months (husband refuses to price reduction for quick sale).
email address removed as per forum rules - Mike
email address removed as per forum rules - Mike
Under federal 401(k) rules, people are allowed to take money out
Under federal 401(k) rules, people are allowed to take money out of their 401(k) plans without penalty, if you are over 55 and have lost your job. Is this an option for you? When there is a court order to pay the mortgage, it's a serious issue.
