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10 years before the Chapter 7 is removed. It will decrease your scores dramatically to 400s to 500s.

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โˆ™ 2008-10-17 08:10:04
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Q: If you and your husband recently had your Chapter 7 bankruptcy discharged how long will it take to reflect on your credit report score?
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If you add your wife who has a discharged bankruptcy 4 yrs ago to your credit card can hurt the husband's stellar credit score?

Yes. But not as much as if the husband did the bankruptcy.


Your husband is co-owner of a lake home in MN with his sister She lives in FL and her husband is filing bankruptcy Chapter 7 Is the lake home safe from his creditors?

As long as the land is owned solely by your husband and his sister then it will not be affected by her husband's bankruptcy.


Husband and you are separated can you file bankruptcy?

You can file bankruptcy together or individually when you are separated. What happens in your separation could affect your ability to file Chapter 7 and you may have to file Chapter 13 instead.


Your husband and you had a ch 13 in 1999 and converted into ch 7 in 2002 discharged in 2003 you need to file ch 7 again in Ca when can you refile Help?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.


If you are in a chapter 13 bankruptcy can you still get a dissolutionment or a divorce from your husband?

Yes, they are two separate legal issues.


Ex husband is filing for bankruptcy do you still have to pay child support for your 19 year old son?

In general, child support is based on net income - child support obligations are not discharged in bankruptcy.


Your husband is filing chapter 7 bankruptcy and you are not but you are a co-borrower on his loans will you still be responsible?

In most states, YES


You and your husband filed chapter 7 2 years ago can you file again to get rid of mounting medical bills?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.


If your wife is in a Chapter 13 plan and is the borrower on the mortgage can the husband apply for a refinance loan to pay off the first mortgage?

Yes! The only thing is the chapter 13 will have to be discharged at closing. Depending on how long she has been in the bankruptcy, this may not be a big hassle. It is impossible to refinance a home in a chapter 13 without the BK being discharged. For more information, please feel free to email me at Travis.Fleury@gmail.com. I work for one of the largest direct private mortgage lenders in the country, i'd be glad to help answer any other questions.


If your husband's boat was gifted to spouse for one dollar 3 years before he filed bankruptcy can the courts take it?

yes, if filing chapter 7 no, if filing chapter 13


What can you do about your medical bills you cant pay them and you filed for bankruptcy in 2008 your husband is file on them now but they will still come after you?

Assuming these are medical bills incurred after your Chapter 7 filing and you received a discharge, and they are for medical services for you, not your husband, they will come after you. You should consider filing a chapter 13 to pay them off in whole or in part, depending on your income and expenses. If your husband has a bankruptcy lawyer, he should ask the lawyer. You may consult your own lawyer.


Can you file for bankruptcy when your husband did before you were married?

Yes you can, he may on the other hand will not be able to receive a discharge under the same chapter for 6 years.


If I file chapter 7 and my husband doesn't can they take the money out of a joint checking account?

No. As long as you are filing for bankruptcy by yourself, your money with your husband will remain joint. Keep in mind that any debts you may share with your husband will remain with him as well.


If my debt is only in my name and I file chapter 7 in Georgia would my refund be taken if I file my tax return jointly with my husband?

If you filed a Chapter 7 and it has been discharged your tax refund will not be taken. It will only be taken if you have filed a Chapter 13 and that is entirely up to the Trustee.


Can you keep your house when filing a chapter 7 bankruptcy?

cant you sign it over to someone you trust like a wife , husband etc.... so it cant be taken


If your husband filed Chapter 7 and did not include the car in which you are co-borrowers will you be held liable if the car was recently repossessed if you live in a non-community state?

Secured debts are not dischargeable in bankruptcy. As a co-borrower or co-signer you are equally responsible for the debt even though you do not reside in a CP state.


If your husband files bankruptcy and you have no joint accounts will your credit be affected?

In general, the filing of bankruptcy by one spouse will not affect the other spouse's financial situation. A debt is created by contract between a debtor and a creditor - each debtor must sign the contract to be liable for payment. Therefore, the bankruptcy of one spouse does not cause the other to become bankrupt. It helps that you do not have any joint accounts but if you have joint debts then the debt will remain with you and not be discharged with your husbands bankruptcy.


Can a husband file for personal bankruptcy and not his spouse?

YES, but joint assets will be included in the filer's bankruptcy, and other assets and payments to other debt might be included depending on actions involving them in the previous 2 years. An excellent book for a perspective on filing chapter 7 or chapter 13 bankruptcy, with description of key criteria: "The New Bankruptcy, will it work for You?", 3rd edition, by Stephen Elias, published in 2009 by Nolo; found in the Colorado Springs public library at 346.078 E42N (Dewey decimal system)


If you are married can you still file chapter 7 bankruptcy?

A Chapter 7 case is commenced by the debtor filing a voluntary petition or at least three creditors filing an involuntary petition. A husband and wife can file a joint petition. 11 USC § 302.


Will the debts of a wife living in Arizona be discharged if the husband living in Oregon files for bankruptcy in his name only?

No. 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.


You filed a chapter 7 in January 2003 can you file another chapter 7 at this time. I am now married and my husband had a brain injury in 807 and has not been able to work and I was laid off in 508?

I filed for chapter 7 in January 2003. Married in 2006, my husband had received a brain injury in August 2007 and has not worked since but was given many credit cards which total over 25,000.00 I was laid off in May 2008 due to a buy-out and can not pay these credit cards any longer. Can we file chapter 7 at this time. Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago. The circunstances are irrelevant, BK is always done only as a last resort after unfortunate things.


Can you lose your house if your husband files for bankruptcy?

Yes.


Are you liable for your credit card debt if your husband filed bankruptcy or are you covered under community property debt?

If the couple resided in a community property state both spouse's would have needed to file joint bankruptcy for the debt to be totally discharged. If one spouse did not file, it is quite possible the creditor will hold that person responsible for the debt owed.


Did the husband or wife host of QVC recently die?

Yes, a husband of a QVC host did recently die. The husband of Linda Davies, a well known QVC host had recently died of lung cancer.


When did Clinton declare bankruptcy?

If you are referring to Hillary and Bill Clinton, neither of them have, singly or as husband and wife, ever filed for bankruptcy.