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Bankruptcy and Married Couples
March 28, 2009 on 2:44 pm | By admin | In Business | No CommentsMarried couples have the option of filing for bankruptcy jointly, or only one person can file. If your marriage is stable and you know how to remove a bankruptcy then go with both parties filing. If the debt was incurred during your marriage, you can receive twice the exemption amount if you file jointly. However, filing for bankruptcy is stressful and can be hard on a marriage; if you are separated, or if separation is a possibility, the decision on how to file becomes more complicated. You don’t want to have to share the burden of a bankruptcy and its impact on your credit rating with someone you aren’t going to be sharing your life with.
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