Spousal responsibility during bankruptcy
April 29th, 2008 by Questions
I lost my job due to disability two years ago and have been underemployed since then making about 2000 dollars a month where I used to make 8000. Until the disability I had excellent credit and at the time that I lost my job I had unsecured credit lines totalling 150K which were rarely used.
In the beginning I was a foolish optimist and wanting to provide the family what they were used to I got into a load of credit card debt. Now I`am over 100K in debt and I need to declare bankruptcy.
My wife took a job when I got disabled. It paid a low wage which she saved to be able to take a career course and help support the family. She did not pay any of the household expenses.
Will the fact that my wife did not pay a share of the household expenses affect her if I declare bankruptcy? Will she be forced to repay part of the loan?