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Bankruptcy has some effect on both spouses regardless of where they live. Unless the two spouses have taken great care to ensure that their assets are entirely separated from one another, then there is likely to be some part where the spouse will be financially affected by a bankruptcy. For details you should contact a Minnesota bankruptcy lawyer (see related links). They will be able to provide specific information about how a spouse could be affected by bankruptcy.
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Can my spouses' chapter 7 bankruptcy affect my inheritance?
No, unless you both filed a joint BK petition.
What is the California bankruptcy exemption for tools of trade?
Single exemption $6,075, if both spouses are employed in the same occupation then the amount can be doubled to $12,150. http://www.bankruptcyaction.com/caexemptions.htm
Can a married couple file bankruptcy separately?
In most states filing for divorce is not going to get the other spouse out of helping to pay bankruptcy debts. Many states have a communal property law that states both spouses are liable for debts, both during marriage and during a divorce.
When filing bankruptcy does the wife need to be included in everything or just the filer in a non-community state?
It is not necessary for both spouses who do not reside in a CP state to file bankruptcy if there are no joint debts. If there are joint debts then the non-filing spouse will be subject to collection procedures from creditors. On Oct 17th new bankrupcy reform goes into affect and it will be almost impossible for the average consumer to file a Chapter Seven BK.
In Tennessee can you list your home for sale without your wife's consent?
If both spouses own a home, then any real estate agent who is doing his or her job will not list a home without both spouses signing the listing agreement. Likewise, if both spouses own a home, then both spouses must sign a contract to sell the house.
How does surrendering your house in chapter 7 affect your credit report?
If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Do spouses have to sign deeds in nc?
Any owner of real property must sign a deed in order to transfer title to a new owner. If both spouses own it then both spouses must convey it.
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.
If you and your fiance want to get a joint bank account but he has filed bankruptcy in the past will this affect your credit?
It shouldn't impact your credit rating all. However, his bankruptcy will remain on his credit for up to 10 years. If you get married and try to buy a home for example, then his credit rating will affect both of you.
Do both spouses need a will?
yes. yes they do
How many spouses did Cleopatra have?
Cleopatra had only two spouses and they were both her brothers. The others were side men.
What does means children are not common to both spouses?
If children are not common to both spouses it means that one of the spouses is not the biological parent. One of the parents is a step-parent. The child was not born to the married couple, but resulted from a previous relationship.
