Refinance Proceeds May Be Used By Nondebtor Spouse in MA

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10-15-2007, 02:24 PM	#1 (permalink)
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 1,646 Casino Cash: $300000	Refinance Proceeds May Be Used By Nondebtor Spouse in MA The case of Nickless v. Lodi (In re Lodi), 2007 Bankr. LEXIS 3075 (Bankr D MA, 09/12/07) (Rosenthal, J.) presented the not-uncommon situation of a debtor and his then-wife refinancing their home, with the nondebtor wife using the proceeds to pay off her $9,000 car loan and keep another $20,000. The husband fileed bankruptcy [...] More...

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