other spouse. OR is it a joint thing no matter what? In TX.
2006-12-06 00:59:20 · 8 answers · asked by ? 2 in Business & Finance ➔ Credit
other spouse. If the accounts are only in the filing spouses name.
2006-12-06 01:15:31 · update #1
READ !
The state doesnt matter, bankruptcy is Federal.
The ONLY way a BK will effect a spouse is if they include accounts that you are on. If all their accounts are individual, nothing will show up on your credit.
End of story- the state doesnt matter.
States have collection laws. Credit acts, and laws are all federal.
2006-12-06 04:21:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are on an account with your spouse, the creditor may report that both of you have filed bankruptcy.
I would suggest that once you file bankruptcy, wait about 60 days after your Meeting of Creditors, to give creditors enough time to report to the credit bureaus. Then have your spouse request a copy of their credit report and if a bankruptcy is reporting on their report, they can dispute it by sending a copy of your Meeting of Creditors notice showing that only you filed bankruptcy.
2006-12-07 15:08:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Check with your bank for certainty. To the best of my knowledge, if you have joint accounts it would affect both people's records. To file bankruptcy on joint accounts, you would have to have consentual aggreement. If it's an individual account, by common sense, it would only affect the person who filed the bankruptcy.
2006-12-06 09:07:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Check with your state. In SC - one spouse can't file bankruptcy without the other one.
2006-12-06 11:26:36 · answer #4 · answered by eharrah1 5 · 0⤊ 0⤋
No, just like before you got married, your credit records are separate. Anything you do affects your and ONLY your credit rating.
That is, unless you get a mortgage together, joint credit cards and all that other stuff. Then, EVERYTHING you do affects the other person, so be careful.
2006-12-06 09:59:50 · answer #5 · answered by Kevin K 3 · 0⤊ 0⤋
as long as there are no joint accounts being filed on - wouldn't make a difference
2006-12-06 09:37:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes it does, especially if your spouses name appears as a co signer on a loan or mortgage that sort of thing.
2006-12-06 09:02:59 · answer #7 · answered by LyndaLee 4 · 0⤊ 0⤋
Yes, debts are community property too.
2006-12-06 09:24:11 · answer #8 · answered by Anonymous · 0⤊ 0⤋