How does seperation/divorce effect spouce’s & my credit?
My husband & I filed bankruptcy in 2004. We seperated in July 2007. In March of 2008, my father helped me buy a small children’s business for selling clothes, furniture, toys, etc.
I am hoping we will work things out & get back together. We have 3 small children. He says he is trying to repair his credit so he can buy a small place for him & us. He told me the other day the only way for him to repair his credit is to get a divorce. Then he said he could credit all day long if he uses my business. Then he went into this spill about how he had been talking with a lawyer & 50% of the business was his according to the lawyer, even if my husband says he doesn’t want it. He says our credit is still linked because we are still married & pretty much everything that is his is mine & everything that is mine is his.
Does he have rights to my business? (It’s not making a profit yet)
If they repo my husband’s car, will it go against my credit? (my name is NOT on the car)