Could my wife be affected if i file bankruptcy?

SandS · #1 (**permalink**) 08-06-2007, 08:08 PM

We don't share any credit card and checking accounts, and the propety doesn't has my name on it.

esgirl007 · #2 (**permalink**) 08-06-2007, 09:49 PM

yes. i pretty sure her credit will do down too.

KissieGirl · #3 (**permalink**) 08-07-2007, 12:55 AM

If you are married and you file for bankruptcy that will show up on your wife's credit too. It doesn't matter if you don't have joint accounts. When you are married you have shared responsibility. I know because my dad filed for bankruptcy and my mom is still effected by it today.

mauigirl317 · #4 (**permalink**) 08-07-2007, 04:52 PM

Doesn't matter. If you are legally married, all of your debts and all filings of bankruptcy are shared. If you are married, you file jointly on your tax returns, so that means your debts are her debts, and hers are yours. It will drop both of your credit scores, and hurt any chances for future loans, mortgages, credit cards, or any other kind of lending. A bankruptcy is a terrible curse. I am sorry for your troubles, and I hope that you can settle them safely and easily. Have you tried a debt consolidation service??

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