Martial status has no bearing on credit card bills. The issue is whether it is a joint or an individual account. Joint accounts are the liability of both signators, regardless of their marital status. If one party has their obligation discharged in bankruptcy, the other account holder becomes liable for 100% of any remaining balance. Debts and assets are frequently distributed during the divorce process and spouses may have recourse within the jurisdiction of that court. However, your divorce degree will never supercede any other contract (like a card holder agreement) and will have no bearing on credit issues. Creditors hold the person(s) liable who initially opened the account. They don't care if you divorce later on, they still want to be paid.
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
yes, unless the co-signer claims bankruptcy
There's no maximum amount. If you can't make your payments you file bankruptcy.
yes
File Bankruptcy or take a lien out on your house. You might even be able to call them before you do those things and see if they will work with you on a minimum payment.
Divorce and bankruptcy are not related issues. One does not affect the other. If you want a divorce, go ahead and get one.
Every case is different, but if the two of you file a joint petition for bankruptcy before the divorce, you will both avoid problems. Consult a lawyer who knows both divorce and bankruptcy law.
Was the bankruptcy before or after the divorce? I don't think it matters however, the bank can always go after the cosigner on a mortgage if they didn't file bankruptcy as well.
Each state has a different statute of limitations for separation for a divorce. In New York state you must be separated for one year before a divorce.
Yes.
12 months after a "legal seperation", a divorce can be proceeded with.
There is no minimum time requirement for separation before a divorce. Legal residents of the state of Oklahoma can file for a divorce at any time.
There is no length of time that a separation turns into a divorce. You are legally married until you obtain a divorce through the courts.There is no length of time that a separation turns into a divorce. You are legally married until you obtain a divorce through the courts.There is no length of time that a separation turns into a divorce. You are legally married until you obtain a divorce through the courts.There is no length of time that a separation turns into a divorce. You are legally married until you obtain a divorce through the courts.
Yes it will help you get used to being alone
Florida law does not require a separation period before obtaining a divorce. Perhaps you are referring to the Marital Separation Agreement, which is the process of distribution of joint property/assets.
Usually a change can be made not only to a divorce (child support amount) but also to a legal separation. The change has to be plausible.
Yes, you can still divorce if you lived together during your legal separation in New York. In the state of New York, there is no requirement to live apart during the separation period in order to file for divorce. As long as you meet the other requirements for divorce, such as establishing fault grounds or having a separation agreement, you can proceed with the divorce process.