Tag : marriage and bankruptcy

Am I Liable For My Spouse’s Debts?

Chapter 13, Chapter 7, Discharge Injunction, Family Law and Bankruptcy

     Chances are the answer is going to be a YES. The relationship between married persons and creditors is separated by individual or joint debt. Individuals are personally liable for their debts and may be jointly liable with others for their debts. See Division 9 of the Code of Civil Procedure; CCP Section 680.010 et […]

Married Filing an Individual Bankruptcy: How Does This Affect My Spouse?

Bankruptcy Law Overview, Chapter 7

Married couples facing tough financial decisions must also face eachother. Here in California, we are in what is called a community property state.  That means that income earned during marriage and debts incurred during marriage are part of the marriage community. In contemplating bankruptcy, couples must know that the act of filing a bankruptcy case […]

Love; Marriage; Then Bankruptcy

Bankruptcy Law Overview

If you have ever found CNBC on television, they have this show called, Til Debt Do Us Part.  It’s a great show where the host, Gail Vaz-Oxlade takes a tough love approach to helping couples get out of debt and on the road to financial recovery.  I would say that if your marriage can survive […]

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