QUESTION
If we or I can no longer pay out debts and maintain two households, (reconciliation isn't possible), what happens if I should file while still marrie
Asked on May 08th, 2013 on Bankruptcy - Texas
More details to this question:
I have been a SAHM for most of a 35 year marriage. All of our current income comes from Police Pension, Military Pension and Social Security of my husband. We have a massive credit card debt. I am sure we are worth too much for chapter 7 bankruptcy. However due to a recent separation, two households and debit are severely straining our finances. He will never file bankruptcy. However I have NO income at all without this marriage. I have file for divorce but NOT really wanting that to be the outcome. This was done to preserve for myself and minor daughter some protection after he made a huge pension withdrawal. How will this affect him and since my only income is HIS, and I have none of my own, will I be protected?
1 ANSWER
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If you live in Austin, most bankruptcy attorneys here give a free consultation. You should take advantage of that. If separated, you can file bankruptcy alone. Only your income and any contribution he makes to your household will be considered. It will not affect his credit.
Answered on May 14th, 2013 at 6:26 AM