If you are married and you are considering a Chapter 7 or Chapter 13 bankruptcy in Centennial but your spouse isn’t, you may be wondering if just one of you can file. The answer is yes. In fact, it is often better to file alone if you have much more debt than your spouse. If both of you have excessive debt, talk to your bankruptcy lawyer about filing bankruptcy jointly.
Will a Littleton Chapter 7 or Chapter 13 Bankruptcy Affect My Spouse?
Filing a Chapter 7 or Chapter 13 bankruptcy in Littleton on your own will not affect your spouse if you do not have any joint debt. If you do have joint debt, and you are filing bankruptcy alone, your spouse could be affected. Under these circumstances, it may be best to file a joint Chapter 7 or Chapter 13 bankruptcy with your spouse.
Joint Bankruptcy in Aurora: What is a Joint Bankruptcy for a Married Couple?
A joint bankruptcy in Aurora means you and your spouse will file one bankruptcy petition. This is a good choice if both you and your spouse have accumulated excessive debt. Filing bankruptcy together can come with many benefits, such as being able to save money on attorney fees and bankruptcy filing fees. Additionally, you can double your bankruptcy exemptions when you file a Chapter 7 or Chapter 13 bankruptcy jointly, meaning you can protect more of your property.
Parker Bankruptcy Lawyer Barry Arrington Can Help if Considering Bankruptcy
If you are considering filing a Chapter 7 or Chapter 13 bankruptcy in Parker, Littleton or Aurora, alone or with your spouse, contact bankruptcy lawyer Barry Arrington right away. Barry will talk with you in more detail about the benefits of either type of filing and what to expect when you file.
If considering a Chapter 7 or Chapter 13 bankruptcy in Colorado, call Barry now. Request your free initial consultation from an experienced, hard hitting bankruptcy lawyer, at 303-205-7870. You can also submit the “Get Help Now” form to begin your journey towards financial freedom. Barry will help you get the best, fresh start possible.