Filing for bankruptcy as a couple

Posted on Wednesday, November 2nd, 2016 at 8:05 pm    

Married couples generally combine financial accounts, and are therefore each affected by the other’s financial decisions. During financially trying times, it is possible for these couples to file for bankruptcy separately, but it can also be worth considering filing together. 

Filing for joint bankruptcy in Raleigh can be efficient as couples only need to fill out one application form. Couples who have decided to file for joint bankruptcy are both protected by law from persistent creditors who can aggressively attempt to collect owed payments through harassment. Joint bankruptcy is also relatively cheaper than two separate bankruptcy filings. Nonetheless, it is important to remember that joint bankruptcy will affect both both credit scores. 

If you want to know more information on filing for joint bankruptcy, contact the lawyers at the Bradford Law Offices, PLLC in Raleigh. Call our office today at (919) 758-8879 to find out how we may represent you.