Help Please.. Considering Only One Spouse Filing Bankruptcy

Question:
I sure would appreciate some wisdom on this issue. I saw a lawyer for the free consultation, and he told me this could be done, but I am scared. How does a bankruptcy look at joint property, as far as listing assets? I am in deep with CC debt, most of it in my name only. Please if anyone has anything to share that would help me. If you have been through this I am sure you already know what is going on in my mind.

Answer:
There is no requirement (except, perhaps, in community property states) that both spouses file for bankruptcy. Jointly held property as a married couple is generally subject only to joint debts. I'm unfamiliar with the NH exemptions. I strongly recommend speaking with a local bankruptcy attorney. He or she can look at your specific situation and let you know what you can and can't do.





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