Can I File Bankruptcy Without My Spouse?

What if one spouse wants to file bankruptcy and the other does not?  Can one file without the other?  The short answer is “Yes” – but with some caveats.

Married couples may find it beneficial for one spouse to file bankruptcy alone.  One spouse may hold debts in his or her name alone.  The other spouse may want to preserve their own credit rating and credit accounts.  While a “married filing single” Bankruptcy can be beneficial in some circumstances, there are some things you will need to keep in mind when considering this option. Continue reading