Do I Have to File Bankruptcy with my Spouse?
While many spouses file together, there is no legal requirement that you do so. We recommend that spouses file together when they have taken on a significant amount of debt together.
If only one spouse has taken on the majority of the debt, then couples may want to consider only the spouse with the debt filing bankruptcy. A filing by one spouse should have no effect on the other spouse’s credit rating.
Spouses can also file individual petitions, but filing together will save time and filing fees and attorneys’ fees.
Of course, if there are any joint debts and only one spouse files, the creditor will come after the non-filing spouse.
To learn more about whether or not Chapter 7 bankruptcy or Chapter 13 bankruptcy is your best option, schedule your free, confidential bankruptcy consultation with a Colorado bankruptcy attorney today. Our online scheduling system allows you to schedule bankruptcy consultation at a time that is convenient for you.
Colorado Bankruptcy Law Group, LLC is a personal bankruptcy firm serving clients in the greater Denver area.
