Bankruptcy And Marriage

If I Am Married Does My Spouse Have To File?

No, your spouse is not required to file for Bankruptcy just becasue you did. You have the option to file as an individual, even if you are married. However, there can be negative consequences if you and your spouse have jointly owned debt or property and only one of you files for Bankruptcy.

How Can My Marriage Affect My Bankruptcy?

Married individuals must gather the following information about their spouse regardless of whether they are filing a joint petition, separate individual petitions, or even if only one spouse is filing.

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Filling For Bankrutpcy

What Is The Process To File For Bankruptcy In Kentucky?

Filing for bankruptcy requires a considerable amount of effort on the part of the debtor. First you have to gathered all of the necessary information to file to file for bankruptcy. Then it is time to decide what property is exempt.  Either on your own or with the help of an attorney, you should determine which property you believe is exempt from seizure based on the Federal or Kentucky exemptions.

To actually file for bankruptcy, either you or your attorney, will need to file a two-page petition and several other forms at your Kentucky District Bankruptcy Court. These forms, collectively are Continue reading

Bankruptcy?

What Is Bankruptcy And What Can It Do For You?

Bankruptcy is a legal process that is available to people who are unable to pay their debts and allows them to make a fresh financial start.  Bankruptcy is a creation of Federal law, as such it is controlled by Federal Law and handled in Federal Bankruptcy Courts.  The filing of bankruptcy stops creditors from collecting debts, at least until after a person’s debts are sorted out according to applicable bankruptcy laws.

Bankruptcy allows people to discharge or eliminate the obligation to repay some or all of their Continue reading