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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Q:
I Am A Co-Signer On A Loan That Was Discharged – Can The Creditor Come After Me Now?
A: 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 -
Q:
If I File For Bankruptcy – Will It Hurt My Spouses Credit Rating?
A: 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
