Will bankruptcy affect my husband?

Sometimes filing bankruptcy individually isn’t necessarily the best option if you and your spouse share debts, and only one one of you files since debt collectors still have the ability to contact the non-filing spouse regarding debt payments. Filing jointly can be beneficial to your spouse in that situation, because it could protect them from debt collectors.

Cosigners and Bankruptcy

The idea that Shakespeare is illustrating in Hamlet relates very closely to the modern day concept of being a cosigner to someone else debt. Ever wonder what happens if the guy you cosigned with filed bankruptcy? How does cosigners and bankruptcy work? Let the Utah Bankruptcy Guy explain:

Will Bankruptcy Save My House

The most common method, used by a mortgage lender to collect on a past due home loan is to foreclose. A foreclosure is the forced sale of someone’s home in order to pay back the debt owed on the mortgage that was used to buy the home. If you have fallen behind on your mortgage payments there are ways to keep your home using the bankruptcy process.