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Refinance Loan

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What is the name of your state? Hawaii
I hope I'm beating a dead horse, I apologise in advance if I am.
After reading Refinance Loan after a divorce, Posted by ibwills1. I am going through a divorce where I am a trustee of my kid's Trust from my Parents. My spouse and I borrowed against the trust to buy a condo. As trustee I am pursueing my ex and myself to repay the loan. My Ex has said if I pursued repayment She will file Bankrupty .

Would this work?
1.Trust to pursue loan repayment from DF & PL.
2.Let DF do bankruptcy, it will affect DF credit.
3.Trust to pursue refinance.
4.DF & PL is to maintain Life insurance with Trust as Beneficiary, it must be maintained, and a bankruptcy shouldn't clear it.

I intend to keep paying as not to lose the "TRUST".
 
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