Yes, a spouse can file for bankruptcy as an individual, or couples can file together. One advantage to jointly filing is that a couples’ exemptions are doubled.
On the other hand, if one spouse retains a favorable credit rating, the family’s options for purchasing a home or car at a low interest rate improve.
There are a variety of scenarios that married people should understand before filing for bankruptcy.
The attorneys at Zelenitz, Shapiro & D’Agostino can help you examine all the possibilities and structure the most favorable possible bankruptcy filing in your case.
Call us today at 718-599-1111 and talk to a Queens bankruptcy lawyer for free.