Help! I have bad debt and my spouse doesn’t. What do I do?

Many people come to see us because they have been carrying around old debt from a divorce, medical bills and credit cards. They are worried that bankruptcy will ruin their current spouse’s credit and are afraid to file. This is a VERY common concern.

spouse-with-bad-credit

The only debt that you need to be worried about is that which YOUR name is on. You are not responsible for you husband/wife’s debt simply because you are married. This is a common misconception.Therefore, if you have debt that is solely in your name or debt that was joint with someone else, your spouse will not be affected. His/her credit and credit score will not change by you filing.

Now, assets that are jointly owned with your current spouse and your spouse’s income will be taken into consideration. Neither of which will necessarily prevent you from filing. Speak to an experienced bankruptcy attorney at Berkowitz & Myer to alleviate your concerns and help you deal with crippling debt.

Often the worries that trouble clients the most are non-factors when it comes to actually filing the bankruptcy petition. Don’t let rumors and what “other people” tell you stop you from knowing the law and how you can get debt relief.

Attorneys are one of those things in life you hope you never need, but when you do you should make sure you select the right one and Berkowitz & Myer is the right one.

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Jesse, Christian and Jon are fighters and they care & go the extra mile for their clients.

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