Bankruptcy filing

Bankruptcy filing

QuestionsBankruptcy filing
Meriam asked 49 years ago

Does a spouse have to join a bankruptcy filing?

1 Answers
FA answered 2 months ago

Bankruptcy law allows a married person to file an individual bankruptcy. However there will be some impact on the non-filing spouse especially if they married couple have joint debt and joint account that depend on financing.

If you are a non-filing spouse, there are some concerns that you should keep in mind, including your credit score, which could be be negatively impacted.

Best approach is to have a professional examine your financial portfolio and outlook and whether you will need to take loans in the near future or not, among other factors that must be examined.

Written by Meriam