A great attorney will tell you that if you choose to
file bankruptcy in GA, as long as your spouse isn’t legally linked to your debts, the
spouse's credit score won't take a hit.
Marriage and bankruptcy are a complicated mix. Before you being filing
bankruptcy make a list of your debts and have a calm, honest discussion
about it with your spouse. This is a good time to inquire if they recall
signing anything that would make them responsible for any part of the
GA bankruptcy. Get credit reports for you both, then set them side-by-side
for any discrepancies or unpleasant surprises.
The three major credit bureaus are:
In reference to bankruptcy and marriage pertaining to a Chapter 13 bankruptcy
filing, you can make use of specific legal means to save your spouse from
being either sued or garnished. Gaining this kind of protection for the
cosigner/spouse involved in your Chapter 13 bankruptcy works by paying
the balance outlined in the plan. Though, their credit score may still
take a hit. A
Conyers GA bankruptcy attorney can explain all this in better detail with one visit or phone call.
There is a chance your filing for GA bankruptcy won't interfere with
your spouse's credit score. However, the spouse's income will
have some sway over whether or not you'll be able to file at all.
It's standard practice that your spouse's income will be factored
into the means test which is used to approve or decline a GA bankruptcy filing.
Enormous debt has long been a reason couples have heated arguments or even divorce.
Contact a knowledgeable bankruptcy attorney today that has years of experience in getting their clients the
best outcome in court. The right guide can make the journey much easier.