all the debt i would be filing for is in my name, but our names are joint in the mortgage. will the spouse's name be affected because of that?If i am married and file bankruptcy induvidually, will it affect any credit of my spouse's record?
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - credit-report-free.totalh.comIf i am married and file bankruptcy induvidually, will it affect any credit of my spouse's record?
Yes it will affect her.
I used to live with my sister and have a mortgage in joint names.
My credit record is affected by what she does because of this link. Also, although you can apply for a disassociation from someone, it is not possible with any joint accounts.
Yes, if you are married you cannot file for bankruptcy. You would both have to file.
If you are asking this question, then just paying off the debt probably isn't at option. I would try to settle the debt for a percentage. Depending on how old it is, some people will accept 50%. It will still effect both of your credit at this point.
yes you have joint credit and are married when he comes to apply for credit you are both financially linked so they will look at you too.
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