New Jersey Personal Debt Lawyer
If you are married and plan on filing bankruptcy alone, it is important to take great care to ensure that the steps you take do not negatively impact your spouse. Filing bankruptcy alone does not give your spouse the protection of bankruptcy, and it does not eliminate your spouse's responsibility for shared debts.
I am attorney Joel R. Spivack. When I put my 20 years of bankruptcy experience to work for you, you can be confident that the guidance I provide is based on what is best for you, your spouse and the rest of your family as well.
Committed to Honesty, Integrity and You
Contact the Law Office of Joel R. Spivack
Bankruptcy and Joint Debts
First of all, it is important to note that marriage alone does not mean that both spouses are responsible for all debts. In order for something to be considered a joint debt, both spouses must have signed the contract and agreed to have joint liability for the debt.
While filing bankruptcy may protect you from creditor actions, your spouse could then be subject to those actions for the full amount of the debt. My experience means that I know the steps that can be taken to avoid this problem.
Bankruptcy and Joint Property
In some cases, bankruptcy requires the filer to give up property. Even property shared between husband and wife may need to be turned over and used to pay creditors. This is something that needs to be taken into consideration before moving forward, and I will educate you about how this possibility could impact you specifically.
Schedule a Free Initial Consultation
My office is open weekdays from 8 a.m. to 5 p.m. and offers free parking. Contact me today at 856-324-6165 or toll free at 888-314-6433 for a free initial consultation with a Cherry Hill bankruptcy attorney. You can also contact me by e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
