i am unemployed but my husband works,if i go bankrupt,will this effect him in any way at all?
2007-01-17 23:35:50 · 10 answers · asked by yinyangavinit 2 in Business & Finance ➔ Credit
These people responding really need to take a minute or two to research their answers. It sure gets to be a pain when I have to constantly correct them.
If you live in a state that treats the spouses income as combined with yours. Therefore, it is possible for one spouse to file bankruptcy. Any debts that are joint will be forced on the spouse though.
You need to go over this very carefully with your bankruptcy attorney. I'm not about to touch it here with the info you gave.
2007-01-17 23:55:14 · answer #1 · answered by Anonymous · 0⤊ 2⤋
It will effect him if you have a house in joint names as the Receiver will have to repossess if you cannot clear the debt in full from other sources. They will just give him 50% of the equity. If you do not have joint debts or significant assets then it will probably have no efffect on him. Take proper advice from Citizens Advice or a relevant Solicitor first.
2007-01-21 21:52:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes= If Everything Is In Both Of Your Names.
2007-01-17 23:42:22 · answer #3 · answered by mks 7-15-02 6 · 0⤊ 0⤋
Just a thought but can you go bankrupt if your husband is earning???? Surely, they take his salary into consideration!
2007-01-17 23:45:27 · answer #4 · answered by dadn33 4 · 0⤊ 0⤋
Yes. It is like buying a house together. You are married meaning you are one.
2007-01-17 23:39:11 · answer #5 · answered by Buffman316 1 · 0⤊ 0⤋
It will only affect your husband if purchases are in joint names. If you've kept your finances separate there will be no impact on him.
2007-01-17 23:44:49 · answer #6 · answered by Away With The Fairies 7 · 0⤊ 0⤋
no it wont effect your husband but if any of your debts are joint then they can still recover all the money owed from your husband.
2007-01-17 23:44:28 · answer #7 · answered by lynthechef 2 · 0⤊ 0⤋
If you have a financial relatsionship e.g. mortgage in joint names
2007-01-18 07:56:40 · answer #8 · answered by Anonymous · 0⤊ 0⤋
try www.debtadvicebureau.org.uk.
I don't think it will have an impact on him unless it's a joint debt.
2007-01-20 10:46:49 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yes, you two are now one, sorry
2007-01-17 23:44:52 · answer #10 · answered by NIGEL R 7 · 0⤊ 0⤋