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If you are looking for a fresh financial start, filing Seattle bankruptcy may be
the best way to go. To get professional opinion on your unique situation, we recommend you consult a bankruptcy expert and he/she will you advise you about your options and help you choose the one that is best for you. The article outlined below is provided by our Seattle bankruptcy attorney. |
My spouse is filing for Seattle bankruptcy too. Should we file together?
Many residents of Seattle, Washington are curious about whether or not they should file personal bankruptcy with their spouse, or alone. The decision about whether you should file separately or together will be based on a number of factors, including the amount of joint debt you have, and what property you hold together.
By filing together, you eliminate all of your debts, whether they are just in your or in both names.
If only one spouse files a petition for Seattle bankruptcy, the other spouse could be held liable for any joint debts. (It should be noted that just because you are married it does not mean that your debts are joint. Your debts are only joint if you have both co-signed for the debt). Thus if all of the debts are in only one spouse’s name, then only that spouse needs to file personal bankruptcy.
Generally, it is not recommended that you file bankruptcy together if you are already legally separated, since at that point your property is also separate.
The rules regarding matrimonial property in the event of a marriage separation are very complex so we suggest you contact a Seattle bankruptcy attorney for more information.
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