What happens if you marry someone who filed bankruptcy?
Table of Contents
What happens if you marry someone who filed bankruptcy?
When you get married, your bankruptcy will be noted on your credit report, not your spouse's, if you filed for it individually. However, this doesn't mean your bankruptcy won't affect your spouse in any way.
Will my wife be affected by my bankruptcy?
If your partner is made bankrupt, they'll no longer be liable for any debts that you have jointly with them. However, you will still be liable for the full amounts. This is because when you take out a joint credit agreement, you both agree to be responsible for the full amount of the debt.
How long after bankruptcy can I get married?
Usually your individual bankruptcy will not affect your new spouse. If you are filing for a Chapter 7, is can be helpful to wait until after you receive your discharge to get married just in case. Usually your individual bankruptcy will not affect your new spouse.
Do you have to file bankruptcy together if married?
Married couples have the freedom to file for bankruptcy together or individually. Couples typically file together when they have joint debts, but spouses can file by themselves if they choose to. If both spouses want to file for bankruptcy, it is always better to file jointly.
