If i file bankruptcy will it show on my wife’s credit?
Thanks to idenity theift i pulled my credit, i found alot more than i expected but as it turns out they do all pan out. I am thinking about filing chapter 7 bankruptcy but since my wife’s credit is good we dont want it to show on her file, heres the thing. We are young we have nothing in our name our house is owned by her parents our cars are paid off we have no loans or anything of that nature with both of our names on it I would be filing by myself with out her. All my bad credit is old starting when i was 18 and I want to get a fresh start and with all the old medical bills and things bankruptcy seems the best for our family. I’ve read alot on these sites saying your credit is there credit and when you are married there debt becomes yours, this isnt true my wife’s credit score is over 700 while mine is in the 500’s this is why i am asking i dont want it showing up on her file…. does anyone get what im trying to say???
As long as you have no joint credit cards or loans and your Wife has not acquired any debt since you got married and you live in a community property State like AZ, CA, ID, LA, NV, NM, TX, WA, or WI If you don’t live in one of the above States it makes no difference.
you should be fine, nothing will show on her credit.
November 16th, 2009 at 11:56 amya i do! but your credit scores difference could be partly because of the credit rateing when you were still single?? some states have what is called community property state!! = means what you own is half hers too!! so anything like bankruptcy she would have to sigh the forms too? check with a bankruptcy lawyer he should know for shure? but i will bet she has to sigh the papers too and it will be on her credit report too!!
November 16th, 2009 at 11:56 ambest to ask a lawyer. ive heard that if your married you both have to file.
November 16th, 2009 at 11:56 am