I am planning to get married soon after I file. Will my bankruptcy affect my spouse?
Recent reports suggest that marriages are on the rise due to the COVID-19 pandemic, and one of those couples may be someone facing bankruptcy. If you’re planning to get married soon after filing for bankruptcy, it’s important to understand how your spouse could be affected.
Bankruptcy law seeks to protect spouses from financial liability as long as they did not co-sign any of the debts in question. Therefore, unless your future spouse had any part in taking out or signing a loan with you, then they should not be held liable for your debt once you file for bankruptcy. In other words, if the debts were incurred before marriage then the creditor cannot collect from a person who was not involved in creating those debts.
However, there are some ways that their credit can still be impacted even though they are legally unconnected with your debt.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your absolutely free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706