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What happens to a credit card bill after a divorce when one spouse files bankruptcy after separation but before the divorce is final?
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.
What else can I help you with?
What happens to your severance in chapter7bankruptcy?
In Chapter 7 bankruptcy, severance pay is generally treated as part of your income and may be subject to the bankruptcy process. If you receive severance pay after filing for bankruptcy, it could be considered an asset that may be used to pay off creditors. However, if you received the severance before filing, it typically becomes part of your estate, and the bankruptcy trustee may use it to satisfy debts. It's essential to consult a bankruptcy attorney for specific guidance related to your situation.
Will your credit rating be affected by your partner filing bankruptcy?
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.
How much debt can you have before filing for bankruptcy?
There's no maximum amount. If you can't make your payments you file bankruptcy.
Can the Bank go after the cosigner for a balance that was settled with them before a bankruptcy?
yes, unless the co-signer claims bankruptcy
Can you spend money before filing bankruptcy?
yes
CAN I get a divorce before my wife files for a bankruptcy?
Divorce and bankruptcy are not related issues. One does not affect the other. If you want a divorce, go ahead and get one.
Should I file for a divorce before filing chapter 7?
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.
2 homes with mortgage on both divorce and one files bankruptcy?
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.
Can you file a chapter 7 bankruptcy before your divorce is finalized ca?
Yes.
Statute of limitations for separation?
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.
Is there a time period of separation before a divorce can be filed in Australia?
12 months after a "legal seperation", a divorce can be proceeded with.
How long do you have to be separated in Oklahoma before you can file for divorce?
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.
How long can your be separated before it mean your divorced?
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.
Is separation good before divorce?
Yes it will help you get used to being alone
How long does a spouse have to be separated before getting a divorce in Florida?
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.
Can a change be made before a divorce if a legal separation has been signed?
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.
Can you still divorce if you lived together during your legal separation in NY?
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.
