Finance Q&A

Ohio law wrt marriage/debts/bankruptcy

Q. I have a relative (not very responsible at that) who lives in Ohio. She bought a house about 2 years ago. She just got married. She is not able to sell the house due to major repairs that are needed and insufficient funds. She has declared bankruptcy once already. If she just walks away from the house what recourse does the mortgage holder have to recover costs of repair? 1. Can they go after "current assets" of the marriage; that is assets brought to the marriage by the husband? 2. Garnishing of wages?

A. The mortgage holder generally has *no* recourse wrt repairs. Mortgage arrearages or shortfall after the foreclosure, yes (unless they were discharged in the bankruptcy), but repairs, no.

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