Hi there,
In 2014, I was divorced and received a bad settlement. We had a joint loan for $50k. I was under a great deal of stress and agreed to "indemnify and keep indemnified" my ex for that loan.
To note - she got the house and everything in it, I got nothing and kept the debt. I filed for a part 9 debt agreement and the bank came after her for the 50k. She then paid out the 50k in her own name and took over the debt.
For the past 2 years, I've paid a small amount to her in good faith - and because I was stupid.
My question is - is that indemnity still valid considering she took ownership of that joint loan and paid it out in her own name?
Many thanks, and thank you so much for any help.
In 2014, I was divorced and received a bad settlement. We had a joint loan for $50k. I was under a great deal of stress and agreed to "indemnify and keep indemnified" my ex for that loan.
To note - she got the house and everything in it, I got nothing and kept the debt. I filed for a part 9 debt agreement and the bank came after her for the 50k. She then paid out the 50k in her own name and took over the debt.
For the past 2 years, I've paid a small amount to her in good faith - and because I was stupid.
My question is - is that indemnity still valid considering she took ownership of that joint loan and paid it out in her own name?
Many thanks, and thank you so much for any help.