Talking About Filing Bankruptcy

About Me

Talking About Filing Bankruptcy

Hi, I’m Vera Poluccio. When I was going through my divorce, I spent way too much on my credit cards to support the lifestyle I was used to. When the reality of my finances set in, I was unable to recover from the credit card payments. As I slipped into a financial hole, I had to research various ways to avoid bankruptcy. Unfortunately, I was unable to avoid this inevitability, so I hired a bankruptcy attorney to walk me through the process. The attorney was able to help me discharge my debts and start off with a clean slate. My site will cover all aspects of the bankruptcy process. Thank you.

Latest Posts

3 Tips For Hiring A Foreclosure Attorney
28 February 2019

If your home is in foreclosure or nearing foreclos

Don't Misuse Your Plastic Prior To Bankruptcy
15 January 2019

Credit cards can be so effortless to obtain and us

What Is A Confirmation Hearing For A Chapter 13 Bankruptcy Case?
21 November 2018

Choosing to file Chapter 13 bankruptcy is a big ev

Bankruptcy And Home Inspections
13 June 2018

If you are considering filing for a chapter 7 bank

Questions About Chapter 7 Bankruptcy
26 July 2016

When the amount of your debt exceeds your ability


3 Factors To Consider Before Filing Bankruptcy Without Your Spouse

If you and your spouse cannot agree on filing for bankruptcy together, you could file alone; however, there are certain factors you should consider if you decide to proceed with this. While there are times when filing alone can be advantageous, there are also times when this would not really make sense. Here are three factors to consider before you decide to file for bankruptcy yourself.

The Benefits Of Filing Alone

There is no law that states a married couple must file for bankruptcy jointly. Therefore, married individuals can file alone if they choose to, but it's important for you to consider why you would do this alone. The main reason this occurs is to protect the credit of the non-filing spouse. This can also occur, though, if one spouse is completely against bankruptcy but the other spouse is not. Before you file, consider if there will be any major benefits of filing alone. If you are not sure if there will be, talk to a lawyer about it.

Joint Debt And Assets

The second main factor to consider is how your assets and debts will be handled in your bankruptcy case. If your debts are in your name alone, your spouse would not be affected by you filing for bankruptcy; however, if the debts are in both names, your spouse would still be responsible to pay the debts if you filed alone.

The assets you own can also play a role in this decision. When you file for bankruptcy, there is a chance you will lose some of the assets if they are in your name or jointly owned. If the assets you have are in your spouse's name only, you most likely will not lose them, simply because they do not legally belong to you.

The Probability That Your Spouse Might File In The Future 

Finally, you should realize that if you file alone, your spouse will have to pay fees in the future if he or she eventually decides to file for bankruptcy. In other words, it is cheaper to file together. You will only pay one fee to a lawyer and one fee for filing the bankruptcy case. If there is a chance your spouse will need to file for bankruptcy in the future, it might be better to file jointly right now.

Bankruptcy can be a great way to get rid of debts, but it requires a lot of consideration too. To learn more about this, make an appointment with a bankruptcy lawyer today. Visit a site like for more information.