How Will Bankruptcy Affect my Spouse?

If I'm Married, Will Bankruptcy Affect my Spouse?

If you are married, you can still file for bankruptcy on your own. Unfortunately, your spouse will still be liable for any joint debts that you have together. If you file jointly, it can come with one added advantage. Oftentimes those who file jointly are able to double their exemptions. In some cases where only one spouse has debts or one spouse has debts that are not dischargeable it may be best to file separately.

Spouses that have joint debts may see the bankruptcy affect both credit scores. For example, if one spouse discharges a joint debt, chances are that it will show up on the other spouse's credit report. If your spouse already has poor credit, this can be devastating and frustrating.

Every bankruptcy situation is different, so we highly recommend you talk with a Detroit bankruptcy attorney before deciding whether to file as an individual or together for bankruptcy. Remember that if your debts are solely yours, or were acquired prior to the marriage, they should not have an impact on your spouse or your spouse's credit rating.

Only debts accumulated jointly have this affect. If your spouse has not co-signed or guaranteed any of your debts, then those debts belong solely to you. If your spouse has underwritten any of your debts, then your spouse will become fully liable for those debts if you file for bankruptcy. You need to contact an attorney at the firm today if you want more information. Our team of dedicated attorneys is here to help you through your case. We will do everything possible to facilitate a satisfactory result. If you are ready to review your specific options, you can get personalized answers in a free case consultation with our Detroit bankruptcy lawyer!


If you have any further questions about the bankruptcy process and what it could mean for you and your family, you can see if the answers are on our Bankruptcy FAQ page, or contact us today.


 

What Our Past Clients Think

  • Thanks for helping us get a fresh start.

    “What a great feeling to do things right this time. You gave us good solid no-nonsense advice. Thanks again!”

  • You are the best!

    “Thanks for all your help and support in my "plight." I don't know how I would have gone through all this without your help and reassurance.”

  • Thanks, for your advice and personal attention. I really appreciate it beyond words.

    “I had to let my house go and it was the right move for me. I now have a new house with a way lower monthly payment and can live without fear for the first time in a long time.”

You Fresh Start, Starts Here

Schedule a Free Consultation
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.