Can I file bankruptcy during a legal separation without damaging my husbands credit?
Can I file bankruptcy during a legal separation without damaging my husbands credit? We have separated all the bills and I will not be able to afford my portion. If I file for bankruptcy will it affect him at all?
Hmmm. It sounds like you are going to need to consult a bankruptcy attorney. The handling of debt settlements changed with the 2005 Bankruptcy Code. Prior to the change you could file Chapter 7 and get out of your debt obligations. The 2005 amendments to the Bankruptcy Code make this impossible under Chapter 7, but it still may be possible to consolidate under a Chapter 13 bankruptcy. If you can file bankruptcy as an individual it shouldn’t affect your ex-husband.
-The Divorce.com Team
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