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I am assuming by your question that you are filing for chapter 7 by yourself. 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. However the greatest effect this will have on your wife will be that joint debts (those you and your wife share) will stay with her. I would take some time and look at how much separate debt you have and also what is and is not dischargeble as this is a very big decision. This will also have some effect in the future on your credit that may effect you wife as well.
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∙ 14y ago
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In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?
You can file bankruptcy again 7 years after the last time you filed.
Will filing bankruptcy affect your car insurance?
I have file for Chapter 7 twice and it has had no effect on my car insurance.
If you filed a chapter 13 and it was discharged about 1 year ago can you file a chapter 7 now?
You can indeed file a chapter seven. However, new bankruptcy reforms will go into effect in October, and it will be much more difficult to file a chapter seven, total liquidation BK.
Can you file again if you filed in may 2005 on chapter 7?
You can file a chapter 13 bk, but NOT another chapter 7.
How long do you have to be unemployed to file chapter 7?
You do not have to be unemployed to file bankruptcy.
When can you file a chapter 7 bankruptcy if you had a chapter 7 discharged in December 2001?
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
When can you file a chapter 7 bankruptcy again if you filed a chapter 7 in 2003?
For another Chapter 7... 6 years from the date of filing. The date of discharge does not matter. If you want to file a Chapter 13, you can do that immediately after the 7 discharge.
Can you file chapter 7 bankruptcy now after filing in July 2004?
A person can file chapter 7 after 8 years from a previous chapter 7. So the answer is NO.
When you file a Chapter 7 in Florida and your wife is not on it will she receive a part of that year's tax return if she is a stay-at-home mom?
Yes.
Your wife and you are preparing to file Chapter 7 bankruptcy and have co-signed everything do you have to file jointly?
You have to file Joint, not only have you both co-signed everything but she responsible legally by marriage.
How many times can you file Chapter 7 bankruptcy in a lifetime?
Under the new law taking effect on 10/17/05, you need to wait 8 years after a Chapter 7 discharge before you are eligible for another Chapter 7 discharge.
How soon after filing for a Chapter 7 Bankruptcy can you file another?
if your still in chapter 7 you have to get out first but you can file again check the laws in you state on chapter 7. laws has chang.
