Can One Spouse File Bankruptcy and Other Bankruptcy Questions Answered

Written by admin. Posted in Bankruptcy tips and advice, Chapter 11 vs chapter 7 bankruptcy, Chapter 7 versus chapter 13 bankruptcy

Chapters of bankruptcy

Did you know in 2011, more than 40,000 people have gone bankrupt in the state of Indiana? When you file for bankruptcy, you tend to have a lot of questions on your mind, such as when should I file bankruptcy, what can I discharge, and can one spouse file bankruptcy?

If you are looking for bankruptcy tips and advice, you have come to the right place.

In order to file Chapter 7 bankruptcy, which means all of your debts go away, minus the debts you can not legally discharge, you must qualify by proving your income is lower than the median income for your family size.

For example, if the median income for a family of four in your state is 50,000 dollars, and you make 45,000 dol