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?


One Response to “Spousal responsibility during bankruptcy”

, Barton Goth GCO Bankruptcy Trustees said:

As long as the loans are not in her name then the debts are yours. There is really nothing that the creditors can do to pursue your spouse as they have no legal authority.

However, if your wife has signed on any of these things then she is fully responsible for the outstanding amounts. As you can see this responsibility has nothing to do whith who paid the household expenses it has to do with who’s name is listed on the loans and credit cards.

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