Legal Question in Bankruptcy in Illinois
Credit implications for spouse
I am in a position which Chap 7 is the only way to get a breath,MOST of all the debts are in my name only,but my wife has authorized used accounts,and 1-2 are joint.
Will WE have to file,or can only I file.And what will show up onthe credit report if I file,and she has the authorized acounts on her bureau.Closed,or bankrupcy.
This question has a direct bearing on whether I will pursue this.
Also,I work in a field in which I analyze credit,and see reports often.Lately I see "Credit card bankruptcy",but do not know this as a specific class.Is this a 7,or 13,or either.
1 Answer from Attorneys
Re: Credit implications for spouse
In my opinion, it is always best for both spouses to file jointly. The "Credit Card Bankruptcy" is collection report jargon. I believe that you should make an office appointment to speak with a bankruptcy lawyer, whether it be myself or another lawyer.
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