Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
How his bankruptcy will affect you depends on whether you have joint assets or joint debt.
Answer Applies to: Indiana
The Law Offices of Deborah Ann Stencel | Deborah A. Stencel
Wisconsin is a community property state. His debts incurred during the marriage are likely your debts. Therefore, you may be asked to pay these debts by the creditors. Even if you are not in a community property state, any joint debt from your marriage that he is discharging in bankruptcy will now be your problem. You should consult a divorce attorney pronto. A divorce attorney may be able to address any unfairness in this in your property settlement.
Answer Applies to: Wisconsin
Cavanaugh-Bill Law Offices, LLC | Lorien K. Cole
If you live in Nevada, or another community property state, and his debt is community debt (debt acquired during the marriage), then you may still be held responsible by the creditors after he files and has the debt discharged.
Answer Applies to: Nevada
Robert Peters, P.A. | Robert L. Peters
If your estranged husband files bankruptcy and you owe joint debts, then he will no longer be obligated to pay back those debts upon receiving his bankruptcy discharge. You will still be on the hook. If you have no joint debts then his filing shouldn't affect you. Contact a lawyer for a free consultation and make sure to discuss your situation in full and included any joint assets owned (cars, houses, furniture etc...) If you have joint debts and you can both get along for a few months, it normally doesn't cost any extra to file a joint bankruptcy.
Answer Applies to: Florida
Bankruptcy Law office of Bill Rubendall | William M. Rubendall
Your husband's bankruptcy will probably not affect you.? However, if you own community property it might not be exempt and could be sold by the bankruptcy trustee. Consult an attorney for the specific facts in your case.
Answer Applies to: California
Ross Smith, Attorney at Law | Charles Ross Smith III
Your spouse's bankruptcy will not affect you or your credit. However, if you are a co-signor on a debt that your spouse gets discharged from, the creditor may feel motivated by your spouse's bankruptcy to start pursuing you. You might consider riding along on your spouse's coattails into bankruptcy. You might be able to ride along for as little as $100.00. If you want to save a bundle on bankruptcy fees, that's the best way. If you are struggling, now would be the time to consider your options.
Answer Applies to: Ohio
The Law Office of Darren Aronow, PC | Darren Aronow
If you are co signors on debt then you will remain liable for that debt. If you are not, then it may not affect you at all. If you are title to real estate then that can also change the outcome of liability.
Answer Applies to: New York
L. JONES LAW FIRM, PLLC | Leon Jones, Jr.
Depending on the amount of joint debt you have will determine whether you will be affected. Once the joint debt you have has been discharged from him, you will be responsible for the remaining portion. Contact an attorney to best determine how to resolve this before it becomes a major problem.
Answer Applies to: Arkansas
Diefer Law Group, P.C. | Abel Fernandez
If you have joint debts with your husband and he files for bankruptcy, the creditors will come after you for payment. Also, if you have assets together and he files the court can liquidate community assets to pay for his debts. Now, the issue is whether the value of the assets exceeds the amount of your exemption. If the assets are below the bankruptcy exemption amount, then it would not impact your assets.
Answer Applies to: California