Ask Experts Questions for FREE Help !
Ask
    cwent's Avatar
    cwent Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 19, 2007, 02:00 PM
    Individual Bankruptcy
    Is it possible if I could file for bankruptcy just for myself without affecting my wife's record?
    Vitki's Avatar
    Vitki Posts: 2, Reputation: 2
    New Member
     
    #2

    Oct 19, 2007, 02:29 PM
    You can file for individual bankruptcy while married, but many times the spouse's income and assets will be taken into consideration. Also your wife will be liable for any joint debt that you share. Assuming that she continues the payments on any joint debt no negative affect will be on her credit. If you file as an individual it will not show on her credit.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Individual Tax [ 3 Answers ]

Robert attended a management seminar (related to his business) in Orlando for 5 days. The first 4 days were spent attending the seminar and the last day was spent sightseeing. In connection with the trip, Robert was reimbursed $2,000 by his employers business under an accountable reimbursement...

Assets of deceased individual [ 1 Answers ]

My mother died a few months ago. My sister was named executor of the estate. When we received the probate papers, my brother noticed that inaccurate information was disclosed (i.e. monies in a bank account, a very depreciated valuation of the house, etc.) We know that our mother had several life...


View more questions Search