bankruptcy and 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.

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  You know when bankruptcy makes sense to you when you won’t be able to be able to pay back your debt within 3-5 years.  At this point it can be a good time to consider bankruptcy. This could happen because of a financial catastrophe.  It might be due to medical issues or losing your…

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Why does bankruptcy happen?  Bankruptcy occurs when you are insolvent and can’t afford to pay off your debts. It is also the process of seeking legal advice from an attorney and from getting legal relief from your debts, and protection from your creditors. It can be the result of a lot of credit card debt,…

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Types of Debts in Bankruptcy There are different types of debts in bankruptcy.  Not all debts are treated the same in bankruptcy since Congress decided that certain types of debts are more important than others types of debts in bankruptcy. As a result, the way bankruptcy affects a particular debt depends on what kind of…

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Out-of-pocket medical costs—like deductibles, doctor’s office co-pays, and prescription drugs—pushed more than 10 million Americans below the poverty line in 2015, according to the U.S. Census. So its not surprising that the leading cause of personal bankruptcy in the US is linked to medical expenses.  Bankruptcy lawyers deal with doing medical bankruptcy on a daily…

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Medical debt is on of the most common reason that people file for bankruptcy. It even surpasses mortgage debt and credit card debt. Bankruptcy with medical bills occurs when the price of treating a disease, injury or sickness becomes greater than what the patient is able to pay. Even some individuals with medical insurance have…

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Medical debts are one of the most common reasons that people need to seek bankruptcy relief.  With out of control medical costs and increased insurance premiums more and more people are forced into financial ruin with just a day or two stay in hospital.  With passage of the Affordable Heath Care Act it was assumed…

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Having overwhelming medical debt is a leading factor that leads to people needing to file a bankruptcy in Utah. In the majority of cases I see this arises from the failure of the debtor to have medical insurance. Even if you have medical coverage it is possible to run up huge medical debts your insurance…

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