8 Responses to “Could my wife be affected if i declare bankruptcy?”

1. nipopazleh on April 26th, 2009 1:20 am
   

   Bankruptcy Feedback: yes it will
2. ps2754 on April 29th, 2009 5:25 am
   

   Bankruptcy Feedback: Yes, your wife’s credit history will be affected, too, since her name was probably on the accounts as well.

   What does your bankruptcy lawyer say?
3. BL1957 on April 29th, 2009 6:28 pm
   

   Bankruptcy Feedback: In Minnesota, I believe yes. Esp. on all joint accounts. (sorry, I know this from experience.) 8 years ago and counting. Finally my credit is back.
4. Man of Joy on May 1st, 2009 5:14 pm
   

   Bankruptcy Feedback: Think your self, you only come with the right answer(s).
5. mkostelnik@sbcglobal.net on May 2nd, 2009 7:38 am
   

   Bankruptcy Feedback: Yes. anything she is a signer on will become her complete responsibility. Not to mention the stress it will put on your family. Check out Dave Ramsey, he is a financial counselor and has his own website. His radio show helps with these issues.
6. Studly on May 5th, 2009 4:23 pm
   

   Bankruptcy Feedback: If you file for bankruptcy, it does NOT effect your wife’s credit history. Each person has their own history.

   But it does effect your family. Any joint accounts she will be responsible to pay. Any property liquidated she loses also.

   I would need a lot more information about your situation before we know what effect there will be. What property do you own? How much income? How much debt? What state do you live in?
7. jannie on May 7th, 2009 7:10 am
   

   Bankruptcy Feedback: I asume your wife has signed for these loans too
   therefore she will still be responsible for her half of the bills and if she don’t pay she will have a poor rating
8. Mama Pastafarian on May 9th, 2009 2:09 am
   

   Bankruptcy Feedback: Are any of the debts (that you will include in your BK) joint with your wife? They will go after her for the money. Also, if you live in a community property state, they will go after her for all the accounts.

   In your petition for BK, you will have to include her income. This could affect whether you can file chapter 7 or chapter 13.

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