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How does Bankruptcy work if you are married?

Wondering how bankruptcy works if you are married. Say if one has awful credit, and the other has really good credit. The one needs to file for bankruptcy. Will the bankruptcy affect the other spouse? Or can the one do it alone without affecting the spouse at all? Any info or sites to look at would be appreciated. THANKS!

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2 Responses to “How does Bankruptcy work if you are married?”

  1. neobahamut2k3 says:

    It will because they look at BOTH incomes and now that the bankruptcy laws have become more strict, it is even harder to file for bankruptcy. you can try these sites:
    http://www.bankruptcyaction.com
    http://www.law.cornell.edu/topics/bankruptcy.html
    http://www.lectlaw.com/files/bnk06.htm

    Hope this helps