Posts tagged separation
Will My Separation Agreement Protect Me If My Ex Goes Bankrupt?

When a relationship ends it is not uncommon to have a formal separation agreement drawn up by a lawyer to spell out the responsibilities of each party.  Even though both parties may have agreed to assume responsibility for certain debts, it does not absolve the parties should one of them default on credit that was granted jointly such as joint credit cards or lines of credit.  

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Will My Bankruptcy Affect My Spouse?

When you file for bankruptcy it does not directly affect your spouse or reflect on their credit report.  Your bankruptcy is between you and your creditors.  Your spouse is not liable for your debts simply because he/she is your spouse.  However, your bankruptcy can have an impact on the other person in the following ways:

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