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I am a permantly disabled individual with no assets and a income comprised of only a disability income of 1025.00 per month.
All debts were previously accumulated to our relationship.Does this pending bankruptcy involve her at all.I would like to file for personal bankruptcy.

One Response to “common Law”

Barton Goth GCO Bankruptcy Trustees said...

Firstly you may not need to file for bankrutpcy.

Currently it sounds as if you are in a position we refer to as “creditor proof.” Meaning your creditors will not be able to force payment as they are legally prevented from attacking disability income.

However, there may still be value to filing for bankrutpcy as it can relieve some of the pressure your creditors are likely applying and if you clear things up now while income is low it may end up being less costly should your income situation change in the future.

In terms of whether or not your filing bankrutpcy will have an impact on your ex you will find that as long as the debts are only in your name and you haven’t given any unusally large gifts to that person or they haven’t absconded with any of your property, then there wouldn’t be any impact on them.

However, it is always best to run through the specifics of your situation with a local trustee just to clarify that there isn’t anything out of the ordinary.