My husband has alot of debt from before we were married and so do I. He filed bankruptcy about 3 years ago (we've been married two years). I've never filed and have quite a bit of debt as well. Can I file for both of us? We're having such a hard time finding a place to live! Any tips on how to rent or buy with bad credit? Thanks!
2006-07-12 05:50:21 · 6 answers · asked by QueenSupreme 2 in Business & Finance ➔ Credit
both of you are sad sad cases
2006-07-12 05:54:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
depends on the status of his BK and the chapter he filed. If it was a chapter 13 or 7 and was discharged then no just you can file.
If it was a chapter 13 and was dismissed from the courts because he did not pay or complete the wage earner plan then yes he can refile with you in most cases. How ever consult with an atty in your state as the laws have just recently changed.
The only way to buy on bad credit is a land contract or a lease purchase in the case of a house. Chattled items such as auto and furniture will be very hard to do. You can get a home 1 day after the discharge of any BK. Based on what you are stating, YOU and YOUR husband need to get your sh@t together as a family first before you make such a move. If you were to do this at this time you are a foreclosure waiting to happen. Build up your savings and have at least 6 months worth of living expenses in an emergency fund before purchasing any home. Make this decision together. It is your future. I hate being hard on people but you both need some discipline in your spending habits so you will not repeat this course of action.
Good luck!
2006-07-12 06:01:23 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
Debt is held under the name of person who accrued it. This is also independent of marriage. You can file for bankruptcy yourself, and your husband will not be affected by it.
You cannot file for both of you as he has filed too recently. But that doesn't sound like a problem, as you are referring to depts you've had for a long time, or are held individually.
Hire a lawyer. Recent changes in bankruptcy law have made it impossible to navigate the system on your own. A lawyer will also help you craft a strategy to rebuild your credit.
Good luck. Be sure you focus on not repeating the problem.
2006-07-12 06:02:41 · answer #3 · answered by justwebbrowsing 3 · 0⤊ 0⤋
long till now I have been given married I knew that some day i could go with to purchase a house and to make that ensue it may be in my maximum suitable pastime to be debt unfastened and have marvelous credit. regrettably the girls I dated did no longer think of an identical way (maximum folk do no longer plan forward and stay purely for right this moment). for extremely some motives those relationships did no longer artwork out. Then I met the female who could later conform to be my spouse. She additionally regrettably did no longer plan for the destiny and had a super variety of debt and no mark downs. on an identical time as we dated i attempted to coach her approximately debt and credt scores. the instructions did no longer sink in very properly and she or he endured to have debts flow into collections and spent lightly. sooner or later we chanced on the suited homestead!!! right this moment I own that homestead on my own. She would not own the homestead w/ me yet for all intents and purposes she is an proprietor and she or he has all rights to the location in spite of the undeniable fact that, each and all of the monetary liabilities are in my call. because of the fact of her destructive credit rating and absence of mark downs we would not have been waiting to purchase the homestead if she were indexed as between the vendors on the own loan. right this moment she has come to comprehend and has made super advancements in her funds and in one day we can start up the refi technique to formally make her a components proprietor. So, I agree w/ your husband. And one element i've got found out, those in a relationship who've the lesser funds many times sense the type you do, in that funds must be blended. Your view that "they pay costs first, placed some funds right into a mark downs, and then artwork on paying off the debt they have between them" shows which you do no longer comprehend funds. everybody who thinks they should shop till now paying off debt ought to evaluate going lower back to non-public funds one hundred and one. Sorry if this looks harsh besides the fact that it fairly is particularly the actuality. do no longer placed earnings a mark downs account which will pay 2% (once you're fortunate) on an identical time as credit card companies are charging you multiples of that quantity. whilst we first have been given married we agreed that her substantial and purely concentration could be paying off her debt on an identical time as I took care of the kin costs. Get a 2nd interest and placed a hundred% of that paycheck into debt. have faith me, he would be inspired and think of you are the isht for doing some thing like that.
2016-12-14 07:13:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes
2006-07-12 06:34:26 · answer #5 · answered by dlbrown2211 1 · 0⤊ 0⤋
look in the phone book and call a bankruptcy lawyers office. that is your safest bet.
2006-07-12 05:53:47 · answer #6 · answered by KW 2 · 0⤊ 0⤋