Will my spouse also have to file for bankruptcy?

Many people wonder if their spouse will have to file for bankruptcy if they do, which is a legitimate concern. However, if spouses file for bankruptcy individually, rather than as a married couple, then a person’s spouse will not be required to file for bankruptcy as well. Having this option can help the credit of couples that have one spouse fighting financial troubles while the other is fairly financially stable.

If you or your spouse is facing serious financial problems and has been thinking about filing for Chapter 7 or Chapter 13 bankruptcy, contact a skilled Cedar Rapids bankruptcy lawyer of Hong Law, PLC, today by calling us at (319) 294-5853 to see what your options are.