If I file for bankruptcy – will my spouse need to also?
No. In cases where both spouses have a lot of debt, a joint petition for a bankruptcy may be filed. Only married individuals may file a joint petition. A joint petition is a single petition on behalf of each spouse.
Other Co-signers, Spouses and Others FAQs
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I am a co-signer on a loan that was discharged – can the creditor come after me now?
Yes. A bankruptcy which discharges a debt only discharges the debt for the individual who has filed for bankruptcy. Co-signer may still be liable for the discharged … more -
If I file for bankruptcy – will it hurt my spouse’s credit rating?
In general, if you file for bankruptcy and your spouse does not (spouses are not required to file); your bankruptcy will not show up on your spouse’s credit … more
Bankruptcy Sub-categories
