You Can File Bankruptcy Without Your Spouse No, your spouse does not have to file bankruptcy with you. There is no law stating that both people in a marriage must file bankruptcy. A married person can file a single bankruptcy. If a married person does decide to file without their spouse, some information from the [...]
How A Bankruptcy Lawyer Can Help Clients Discharge Debts
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Chapter 13 bankruptcy may provide some relief to borrowers overwhelmed with debt. Often, the most significant benefit that bankruptcy offers is the discharge of debt. The discharge releases the debtor from all debts included in the bankruptcy. Under current bankruptcy law, creditors included in the bankruptcy may not initiate or continue any legal or other [...]
Credit Card Charges, Installment Loans & Medical Bills Cause Bankruptcies to Soar
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It’s a nasty habit. Even an addiction. It costs a fortune. And it’s causing bankruptcies to skyrocket. What is it? Buying things on credit, aka buying things “on time.” Here’s what often happens. (Does the following sound familiar?) You start charging things to your credit card. Month after month, the amount you owe increases. Your [...]
Can I Sign My Spouse’s Name To The Paperwork?
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Absolutely not. You cannot sign your spouse’s signature, and you should not sign your spouse’s signature on anything. This goes beyond bankruptcy law. This is just common sense. The documents that are prepared are prepared for both you and your spouse. Both you and your spouse must read and understand the documents and know what [...]
Can I Keep A Credit Card If I File For Bankruptcy?
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The general answer is no. You have to list all the people that you owe money to, including every single one of your credit card issuers. Even credit card issuers who are not owed a debt are going to find out about your bankruptcy filing. Those creditors subscribe to a service which notifies them of [...]
Can I Go To Jail For Not Paying My Bills?
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As a bankruptcy lawyer practicing in the Chicago area, I am often asked “can I go to jail for not paying my bills?” There is no debtor’s prison in the United States. You are not going to go to jail for not paying your bills, unless those bills were incurred by a serious crime, fraud, [...]
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