Yearly Archives: 2019
Can my Spouse’s Wages Be Garnished for My Debt?
Facing wage garnishment is a scary and stressful situation — and having to worry about whether or not this will affect your spouse can only worsen your fears. Although you may be feeling like there is no hope in this dire situation, there are some ways you can protect yourself and your spouse from… Read More »
Filing for Chapter 7 Bankruptcy Without Your Spouse
If you and your spouse are struggling to make ends meet due to mounting debt, you aren’t alone. Whether it’s the loss of a job or an unexpected illness, these events can cripple a couple financially. Experiencing financial hardships can lead to difficult decisions — like whether or not to file for bankruptcy. Here… Read More »
Top Questions Married Couples Ask About Bankruptcy
Married couples overwhelmed with debt could find bankruptcy to be a viable solution to gain control of their finances. However, married couples may struggle with the decision on filing for bankruptcy if they are unsure if it’s the right choice. If you and your spouse have questions about bankruptcy, these could be the answers… Read More »
Should My Spouse Be Included When Filing for Chapter 13?
Married couples struggling with mounting debt may not know which bankruptcy chapter is right for their financial situation. It’s also hard to decide if it’s a better option for only one spouse to file a bankruptcy petition. Although Chapter 7 is the quickest and easiest solution, couples who do not qualify can still find… Read More »
Can I file for Bankruptcy If I’m Divorcing or Legally Separated?
When couples legally separate or divorce while going through Chapter 13 or Chapter 7 bankruptcy, they have the option of separating their cases into two so that each spouse can do what they want with their case, convert from Ch 13 to Ch 7, or wrap up the case if it is already close… Read More »
How Does Joint Bankruptcy Work?
Married couples who are faced with an overwhelming amount of debt may benefit from filing for joint bankruptcy. However, it’s important to understand that each couples financial situation is different and bankruptcy isn’t a “one size fits all” approach to debt relief. There are some instances in which filing jointly may not be helpful… Read More »
Filing for Bankruptcy Without Your Spouse
Making the decision to file for bankruptcy isn’t something that is usually taken lightly. For individuals filing alone and have a spouse to consider in the process, it’s even more crucial to get as much information as possible. While bankruptcy is a great debt-relief option, many married couples are concerned about how it will… Read More »