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Can a husband file bankruptcy on credit cards which are solely held?
Wiki User
∙ 12y ago
Yes, legally spouses are not required to file joint bankruptcy when only one is the debtor. However, if the couple reside in a community property state the nonfiling spouse will still be held responsible for the debt, therefore joint bankruptcy is advisable. In non-community property states, the couple needs to be certain that their property exemptions are properly filed in order to be fully protected.
AnswerHaving only one spouse go bankrupt is something to really be done to protect one spouses assets that were to be sole & separate of those in the marital union...not because a debt was incurred by only one of them.Noted particularly because of the wording of the Q - understand you don't pick what things are part of your bankruptcy - like his credit card but not the boat and our vacation savings bank account...if the husband & wife own assets or have debts together, those will be part of the bankruptcy, at least to the degree he owns a part.
If there are some assets and/or liabilities that are held as sole & separate property of one or the couples (which as the previous notes is very, very difficult in Community Property - generally western - states), then you may be able to not involve those by having only one party go bankrupt.
Wiki User
∙ 12y ago
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I filed bankruptcy for my credit cards my wife has her own credit cards in her name am I obligated to pay her credit cards also when we get a divorce?
If your name is not on the account, and the account is not considered a "joint account" by the credit card company, then you should not be held liable for any debt on your wife's credit cards.
Can you put credit cards on a bankruptcy?
yep
Is it possible to just declare bankruptcy on credit cards?
You can declare bankruptcy due to credit card debts, yes.
Do you have to list credit cards with a zero balance in a bankruptcy?
no
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Can credit cards be used after someone files for bankruptcy?
Sometimes credit card charges are not included in bankruptcy. If they are then you will no longer be able to use them.
Can you file bankruptcy on credit cards that are not in your name but you are responsible for?
check Federal Bankruptcy act 801.3
Can you file for bankruptcy if your credit cards have gone into collections?
Yes.
What happens to credit cards in a bankruptcy when there is a zero balance?
it does not work
What kind of bankruptcy is it called when you only include credit cards?
Chapter 7. The credit cards would be unsecured debts.
Are there any types of credit cards one can get if they have declared bankruptcy?
When in bankruptcy it is not possible to have a credit card. Once the terms of the bankruptcy have been met, some credit card companies will consider issuing a credit card to some people.
Can you file bankruptcy on a home equity loan and credit cards?
Yes.
