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Debt Consolidation Forums Bankruptcy Chapter 7 and Chapter 13 forums

Will my assets be acounted for if my spouse files bankruptcy?

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If my spouse files bankruptcy, will my assets be included there? We don't have any joint accounts and I have a jo




It depends on the type of bankruptcy that you are planning to file.

If you are planning to file chapter 7 bankruptcy, you should include your spouse's income. If your spouse owes the debt individually, your income will not be included especially when you don't have any joint account.

Sub: #1 posted on Tue, 06/05/2018 - 06:04

sanderspatricia29 sanderspatricia29

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Jointly owned properties are taken into consideration when a spouse files bankruptcy. One spouse can file a bankruptcy along and doesn't have to include his husband or wife. Only the person filing bankruptcy, his/her assets are examined and use to repay debts in case of Chapter 7.
It is better while he/she will be going through the bankruptcy process, you can financially support him and work towards a better financial future since bankruptcy will help to give a fresh financial start.

Sub: #2 posted on Tue, 06/05/2018 - 07:00

Mabelle Page Mabelle Page

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