If I file for bankrupcy will my husbands credit be affected? We have nothing in both our names, we dont even have a joint checking account. I had major debt before we got married and its just gotten out of control. Any help........
2006-12-23 03:46:56 · 9 answers · asked by jessica s 2 in Business & Finance ➔ Credit
If your husband's name isn't on your stuff, I don't think he would be affected but check with legal aid.
You can file for bankrupcy on just your credit cards which isn't as bad. And if you have it discharged (an atty will know how to explain this) it isn't as bad.
You will take a hit but it isn't as bad as you think especially if you narrow it down to just credit cards, for example.
Use an atty. that specializes in bankrupcy.
It really isn't all that bad. Good Luck!
2006-12-23 03:55:54 · answer #1 · answered by SUSAN K 3 · 0⤊ 0⤋
They have made it rally difficult to file for bankruptcy anymore. Plus that 7 year thing is not true, it will follow you for much longer than that. Contact Consumer Credit Counseling Service, or a similar financial counseling service. However don't use one where you have to pay a lot, legitimate ones will help you for only a small fee, in fact I think the one I mentioned is basically free, you only pay a small monthly service charge that is taken out of your monthly payments to creditors. They will help you build your credit back up once your debt is paid off. Good luck, I know messing up you credit sucks, I fell into the credit card trap during college where they were just basically handing out cards to young people with no jobs.
2006-12-23 03:57:21 · answer #2 · answered by nimo22 6 · 0⤊ 0⤋
No, his credit will not be affected. In your credit report it will/should show only you as the one who went through bankruptcy.
The only way he will be affected is if the two of you were to apply for a loan, but if he's the major bread winner then even that shouldn't be a problem.
2006-12-23 03:57:22 · answer #3 · answered by Chatty 5 · 0⤊ 0⤋
Get a criminal expert and get his suggestion till now the lawsuit is settled. oftentimes with bankrupcy , many attorneys furnish a loose seek for suggestion from for the 1st bypass to. absolutely everyone here would not understand your person own difficulty. financial disaster 7 is a entire bankrupcy, the place financial disaster 13 is a payback bankrupcy for minimum of 30mos.criminal expert expenses are greater no longer expensive for financial disaster 7 than for financial disaster 13, by using fact financial disaster 7 has no ongoing themes that arise after that's complete (oftentimes). contemporary regulation adjustments have made it harder to report financial disaster 7. in case you have a house or house or authentic sources with a uncomplicated sized quantity of fairness (i think of that's $5000), then you certainly will probably could do the payback bankrupcy or lose your place. you additionally are in basic terms allowed to have a vehicle that's somewhat worth in basic terms lots (ie i think of that's $2000). in the experience that your place fairness is low, on occasion it is uncomplicated to report financial disaster 7 and reaffirm the loan on the domicile. i'm no longer a criminal expert, yet have bankrupcy DOES influence your credit and it DOES stay on your credit record for style of 7 years(?) and employers DO on occasion snoop into your credit for specific jobs...i think of that stinks..that's none of their business employer....on occasion bankrupcy is the least puzzling or in basic terms way out... sure there are techniques you consistent with danger can negotiate expenses, yet probably in basic terms with a business employer which could negotiate on all your expenses and cope with money for you...your lenders probably won't have faith you to do those money to them your self. the subject is who're those agencies doing the negociating for you?? are you able to have faith them along with your funds and private counsel?? I even have not heard of absolutely everyone or 2 that sticks out acceptance sensible from something...consistent with danger the greater useful business employer Bureau could understand.
2016-10-18 22:09:57 · answer #4 · answered by ? 4 · 0⤊ 0⤋
As long as there are no joint ownerships, it shouldn't affect his credit at all. But do NOT use one of the "consumer credit agencies." They consolidate your bills, and they are NOT free. There are hefty fees involved, and many irresponsible and unsrupulous ones out there that will either not pay your bills at all, or will pay them late.
Seek legal advise from either a bankruptcy attorney or legal aid.
2006-12-23 04:00:58 · answer #5 · answered by Enchanted 7 · 0⤊ 0⤋
Chapter 7-Hmm it shouldnt as i know govt wudnt even touch ur house if u own. because they wudnt want u too be home less. but yeah u shud consult some lawyer it will only cost u couple of hundred bucks.Good luck.
2006-12-23 03:55:37 · answer #6 · answered by sanJose_Guy 4 · 0⤊ 0⤋
Just show single on the application, you will be screwed for 7 years though.
2006-12-23 03:49:58 · answer #7 · answered by Skuya!!! 4 · 0⤊ 0⤋
Bepends on your state,In oklahoma it;s community property and will effect his credit.
2006-12-23 04:00:38 · answer #8 · answered by Anonymous · 0⤊ 0⤋
This this website to find answers...
http://www.creditmanagementworld.com/legal.html
2006-12-25 14:05:38 · answer #9 · answered by pagamenews 7 · 0⤊ 0⤋