Yes, non-married couples with joint debts must file separately. Married couples do not have to file jointly if there are no joint debts included in the filing. The exception is, if they live in a community property state, in which case the non-debtor spouse should also file to assure full protection of exempt property and prevent creditors from pursuing them for collection of the debt(s).
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
Of course. You should file married filing joint if your are married. Perhaps you need to rephrase the question if you are asking something else.
It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.
As long as you are still married to each other, you can file a joint return. However, it is not mandatory for married couples to file a joint return.
No, married couples have the option to file their taxes jointly or separately.
The joint Bk would have to be voluntarily dismissed by both parties and then refiled as a single bankruptcy after the required waiting limit for filing is reached. When married couples reside in CP states it is best that they file a joint BK to allow full protection for both. In non CP states where only one spouse is the debtor the best choice is usually for only the debtor spouse to file.
Yes you can change a joint bank account before a Chapter 7 bankruptcy. You should have your finances in order before you file a bankruptcy.
One spouse can file bankruptcy separately and both are held responsible.
Yes.
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.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.