It is important to understand that if you file for personal bankruptcy it does not mean that your spouse has to declare bankruptcy as well. However if both spouses owe significant debts, either individually or together, it may be necessary for each spouse to consider bankruptcy as a way to eliminate their debt. In addition, they may need to make a decision to file either jointly or individually. Our easy to read infographic explains some of the facts behind what a joint bankruptcy is and under what circumstances it might make sense.
Personal Bankruptcy vs Joint Bankruptcy. Which Should You Choose?
Category: Personal Bankruptcy