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If a married couple no longer living together own a house and one files bankruptcy should the person filing bankruptcy surrender the house so other can keep house or will it cause other person to lose?
Wiki User
∙ 17y ago
The party that filed bankruptcy will be protected as far as the collections process is concerned. The bank will in response expect the party who has not filed bankruptcy to make all the remaining payments. If this happens, you may want to consult with a lawyer ASAP so that you are making payments on a house that will be co-owned by an X.
Wiki User
∙ 17y ago
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Can one member of a family declare bankruptcy so the two will not be affected by the credit hold or is a married couple in the situation together?
You are in it together, I am afraid.
What is personal Bankruptcy?
It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.
Can a spouse be reimbursed for debts that were discharged in bankruptcy as part of the dissolution of marriage terms?
Not if the debts were actually discharged in the bankruptcy. In regards to the cost of the bankruptcy if the couple were still legally married then that too is not recoverable.
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.
What you call husband and wife together?
A married couple.
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 is husband and wife living together?
Obviously, a married couple.
Is billy and Sarah Gains still together as a married couple?
No
When a couple has been living together for 2o month but was not legally married do they still count as being married?
Not legally, but they may seem like a married couple already.
Do married couples have to live together?
If a married couple is separated, then they should always live apart.
You cannot file income taxes together unless you are married?
I am not a lawyer but before we got married, my husband and I, filed taxes together as a living together couple.
Can a divorced couple file taxes as married if they own property together?
They can't file as married.....but they actually certainly can own propert together.
