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Once you are married, your income will be combined with his as well as your debt. This becomes a joint effort and your income will be subjected to the bankruptcy as well.

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11y ago

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Will your lawsuit against employer be affected by the chapter 11 bankruptcy filing?

Very possibly.


Is better filing jointly with a spouse or separately?

If you are married, you can legally on file in two ways, Married Filing Joint and Married Filing Separate. Married Filing Separate excluded you from getting any tax credits and you only get half of the Standard Exemption. I have never seen a case where Married Filing Separately was better. Married Filing Separately also requires you to include your spouses social security number on your return. If you are married but legally separated for at least the last six months of the calendar year you can file as if you are not married. This means you can file as Single, Married Filing Separately, or Head of Household.


Does income count AFTER you file chapter 7?

A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.


What is the difference between filing Head of Household and filing married filing separately?

Married Filing Separately is somewhat penalized as you get the single Standard Deduction and you are disqualified from getting any most tax credits like Earned Income Credit and the Child Tax Credit. However, if you are married on December 31st of the tax year, you are required to file either Married Filing Joint or Married Filing Separately. The only exception to this is if you are legally separated by a Court Judge and have been for the last half of the tax year or more.


Does a chapter 13 bankruptcy filing stall foreclosure?

Yes. It is the most common reason for filing a chapter 13.


In a Chapter 7 bankruptcy a person filing for relief is called a?

In a Chapter 7 bankruptcy, a person filing for relief is called a


When married but separated can married filing jointly be the filing status?

IF you are NOT LEGALLY separated in the state that you are a a resident of on the last day of the year. Your filing status would be married filing joint or on a separate 1040 federal income tax return MARRIED FILING SEPARATE.


What is the difference between married filing separately and single tax filing status?

The main difference between married filing separately and single tax filing status is that married filing separately is for married individuals who choose to file their taxes separately, while single tax filing status is for individuals who are not married or are legally separated. Married filing separately may have different tax implications compared to filing as single, such as different tax brackets and deductions.


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YES. Married filing joint or Married filing separate if you were married on December 31.


How long do you have to wait to file bankruptcy after last bankruptcy?

You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.


What can be done to attain employment at 60years old after filing chapter 7 bankruptcy What if there is reasonable reason for filing chapter 7 Could the reason for bankruptcy be told to the employer?

How to get after job filing chapter 7 bankruptcy once it appears on the credit report