0
If you marry someone who files bankruptcy to get rid of debt from his first marriage will your credit be affected even though nothing is in your name?
Wiki User
∙ 8y ago
Your personal credit will not be affected if your spouse files bankruptcy alone.
Be careful though in future transactions if you apply jointly for credit later... it will show up there.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Can someone open an LLC while in Chapter 13 bankruptcy?
Yes, nothing in the bankruptcy law prevents you from opening an LLC.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
How do i protect my judgment against someone in bankruptcy?
If the judgment debtor is already in bankruptcy, there is nothing you can do. If the judgment is for a debt for which discharge is not allowed, it survives the bankruptcy. If no bankruptcy has been filed, you can try to attach or levy on some property of the debtor that has some value, or equity.
If you are not married but live with someone are they counted in the means test for bankruptcy?
When you are living with someone they are not included in your bankruptcy. If you are paying them rent, then the money you pay is an expense and will be considered for bankruptcy.
When filing bankruptcy is the trust property attached and liquided. How would a liquor licenses be affected.?
Bankruptcy rules require that any state and federal taxes be paid prior to the transfer of the liquor license to someone else. The liquor license is considered a negotiable asset.
What happens to the co signer if the borrower files bankruptcy?
If you are talking about someone who cosigned for your loan filing bankruptcy, As long as you continue to make your payments on time, nothing will happen. If you are talking about someone you cosigned for taking bankruptcy, you may very well have to pay this loan. Contact the lender.
What is a freeman in a mixed marriage?
Because he fell in love with someone from a different race. Nothing a racist like you would understand...
Can someone help me find bankruptcy lawyer in Chicago?
You can try www.chilawyers.com. They specialize in bankruptcy.
Can you report someone committing fraud in regards to bankruptcy?
No. This is clearly stated in the bankruptcy rules.
Where could someone hire a bankruptcy lawyer?
Bankruptcy lawyers can be found at the Bankruptcy Lawyer website. From there you can search by area or zip code or contact them directly for more help locating someone locally. Debt B Gone, Fresh Start Bankruptcy and Total Bankruptcy are sites that can help determine if bankruptcy is an option for individuals or businesses.
When you marry someone who has filed bankruptcy do you also take on the bankruptcy?
There is no real problem here as bankruptcy has to do with individual debts between the debtor and the creditor so you should not be affected by your fiance's bankruptcy. Also, because you will only be gaining community (or shared property) after being married that will not be available for debtors to get nor will any of your individual funds/ assets. If you file a joint return after marriage , you file as an " injured spouse ". That way if any debts are back child support or support increases or IRS liability , your income should not be considered in most states. Consult a real lawyer before you get married to be certain of all this info .
Does someone in bankruptcy have to answer a civil lawsuit?
Of course.
