If you have a co-signed debt, your discharge of that debt may be challenged by either the cosigner or the underlying creditor. Last week we discussed obligations on co-signed debts, both to the joint creditor and to your co-signer. In that discussion we assumed that both those obligations could be discharged (written off) in bankruptcy. But what if the … Read More
If you have a co-signed debt, you’re concerned not just about the joint debt, but also about your separate liability to your con-signer. If you have a co-signed debt you tend to be more concerned about one of two sets of problems. You’re either mostly worried about the other co-signer, or about the creditor you’re both owe on the … Read More
If you can’t or won’t pay a co-signed debt, or pay a co-signer, you need to protect yourself from that debt and from your co-signer.
If protecting your co-debtor from having to pay your debt is a high priority, Chapter 13 has a remarkable tool for doing that.
You and your spouse may need the extraordinary benefits of Chapter 13, but things get awkward if your marriage ends before the case does.
Your ex-spouse’s bankruptcy filing seldom helps you, even if it writes off a joint tax. But your own Chapter 7 or 13 can help you directly.
You’re usually completely liable on jointly filed taxes, regardless of a divorce decree saying youâre not. But the IRS may give you relief.
Be very cautious about filing without your spouse if the main reason for doing so is that you believe only you are liable on the debts.
Under the Bankruptcy Code, they CAN file a joint bankruptcy. Maybe they SHOULD. But only with separate attorneys?