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Yes. Because most debts are between an individual and a creditor it is fairly simple to determine the extent of an individual debts. If each couple is filing for individual bankruptcy you must keep in mind that doing so will only serve to alleviate your individual debts, not the joint debts you have accumulated as a married couple. Because your case is a little more complicated and you want to devise the past way to handle this, I would recommend getting in touch with a bankruptcy lawyer.
Wiki User
∙ 14y ago
Wiki User
∙ 16y agoEach individual can file bankruptcy. Wife, husband, or joint. (Like taxes)
Any joint debt becomes the responsibility of the non-filing partner. If a husband files, all joint debt becomes the responsibility of the wife. (Similar to how co-signers work)
Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
Wiki User
∙ 16y agoI think so, as long as all the creditors you include in the bankruptcy are just in your name only. However, you may want to contact an attorney to be sure though.
Wiki User
∙ 15y agoYes, you can. If you live in a community property state, it can get complicated.
Wiki User
∙ 15y agoYes. Either spouse, even if living together, can file a separate bankruptcy.
Wiki User
∙ 14y agoyes you can file bankrupt.If divorced.
Wiki User
∙ 16y agoYes.
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Wifes assets if you file bankruptcy?
if your legally married when you file bankruptcy, you must include every single asset including the spouses. depends on what type of bk you file. you may be able to keep your assets.
Can you file bankruptcy for lawyer fees?
You cannot file a bankruptcy directed at one single debt.
Do both parties on a joint mortgage have to file bankruptcy on a joint mortgage?
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
Can you file bankruptcy on a truck repo past due loan?
No, if you mean, can you single out this debt to "file bankruptcy on." You file bankruptcy on ALL your creditors. You don't get to pick and choose. But you can certainly include such a debt in bankruptcy.
What is personal Bankruptcy?
It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.
Bankruptcy if married can one spouse file bankruptcy independently from the other Is the one spouse then held responsible for the first spouse's debts if bankruptcy Is filed?
One spouse can file bankruptcy separately and both are held responsible.
How do you file chapter 7 together or separate if you are separated?
When you file a mutual bankruptcy, you and your partner file a single set of bankruptcy papers with the court. In your bankruptcy appeal, you release all property, debt, income, and expenses you have between both you and your partner.
You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
If you filed bankruptcy four years ago and remarried can you file joint bankruptcy now?
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
What if you closed out a doing business as company and filed single while still married is that legal?
You have the choice each year to file single, or if available, married jointly. If you file single, you each have to file a return.
How do you file in Alabama if you are a same sex couple?
Being a same-sex couple has no relevance. If you are married (to the same-sex or opposite sex), you file as married. If you are single, you file as single.
Can married couples file bankruptcy separately in Illinois?
A married couple can file for bankruptcy separately in Illinois, as it is not uncommon for one spouse to have a significant amount of debt in their name only. However, if spouses have debt they want to discharge that they're both liable for, they should file together. Otherwise, the creditor will simply demand payment for the entire amount from the spouse who didn't file. When a married couple face bankruptcy, they can file jointly, one can file while the other doesn't or they can file separately at the same time.
