Will Bankruptcy Affect My Spouse?
This question worries many married people who face the reality of filing for personal bankruptcy. It is stressful enough knowing that you are facing Chapter 7 or Chapter 13 bankruptcy without the thought of dragging your spouse into the situation.
If you’re filing bankruptcy, chances are you’re looking to save money, not spend it. However, filing bankruptcy costs money-filing fees, court fees, and if you hire an attorney to assist you with your case, attorney fees.
Are you unable to pay your home or car payments? Does it feel like you are being crushed by a mountain of debt? Have you ever considered wiping your financial slate clean by filing for individual Chapter 7 Bankruptcy? Known as either straight or liquidation bankruptcy, Chapter 7 is the type of bankruptcy that comes to mind when most people think of “Bankruptcy.”