QUESTION
If my husband files for bankruptcy, will it affect me?
Asked on Mar 08th, 2012 on Bankruptcy - North Carolina
More details to this question:
I got married in 2008 and we separated in 2009. We have a child together and I took over my mom's home last year (2011). My husband is thinking of filling for bankruptcy and I am worried if it will effect me because we are not divorced, the home is under my name and we have no joint accounts or credit cards. I was wondering if you can help me in what to do, thank you very much.
9 ANSWERS
Commercial Bankruptcy Attorney serving Davie, FL
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Law Office of Jeffrey Solomon
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You are not responsible for his debts.
Answered on Mar 12th, 2012 at 3:26 PM
Domestic Relations Attorney serving Huntsville, AL
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Ferguson & Ferguson
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If you don't have any joint debts and he is not on your deed and you don't own any other property together then you should not be affected by the bankruptcy.
Answered on Mar 12th, 2012 at 2:49 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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If there are no joint liabilities then his bankruptcy MAY not effect you. You are in need of a more detailed analysis and should needs eek counsel.
Answered on Mar 12th, 2012 at 2:30 PM
Bankruptcy Attorney serving Concord, CA
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William Rubendall Attorney at Law
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If one spouse files for bankruptcy the community property of both is property of the estate. You should consult with an attorney if you are contacted by the trustee in this regard. In the mean time do nothing to transfer your assets.
Answered on Mar 09th, 2012 at 2:36 PM
Yes if you are a co signor on debt.
Answered on Mar 09th, 2012 at 12:35 PM
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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If your husband files for bankruptcy you will continue to owe any joint debt. He will not. Solution is to file your own bankruptcy or get a divorce court order him to pay you for the debts.
Answered on Mar 09th, 2012 at 12:28 PM
Daniel James Wilson
You say the home is in your name. If he is not on the promissory note or the mortgage you should be fine.
Answered on Mar 09th, 2012 at 12:23 PM
2 Awards
If nothing is joint, you will be fine if he files.
Answered on Mar 09th, 2012 at 12:18 PM
Business Bankruptcy Attorney serving Raleigh, NC
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J.M. Cook, P.A.
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His filing won't affect your credit but you will be responsible for any joint debt you have.
Answered on Mar 09th, 2012 at 12:18 PM