{"id":247,"date":"2012-11-28T23:22:05","date_gmt":"2012-11-28T23:22:05","guid":{"rendered":"http:\/\/bankruptcyattorneystl.com\/?p=247"},"modified":"2012-11-28T23:22:05","modified_gmt":"2012-11-28T23:22:05","slug":"will-i-be-effected-by-my-ex-spouse-filing-for-bankruptcy","status":"publish","type":"post","link":"http:\/\/bankruptcyattorneystl.com\/?p=247","title":{"rendered":"Will I be Effected by my Ex-Spouse Filing for Bankruptcy?"},"content":{"rendered":"

After going through a divorce, many people assume they will not have to worry about the financial situation of their ex-spouse.\u00a0 Often, this is the case; however, there are certain instances when the financial situation of an ex-spouse can negatively effect a person.<\/p>\n

This issue often arises when an person’s ex-spouse files for bankruptcy.\u00a0 A common misconception that individuals have is that anything stated in the divorce decree regarding joint debt is binding.\u00a0 This, unfortunately, is not true.\u00a0 If your ex-spouse agreed to assume the debt that was in both of your names in the divorce decree, but then decides to file for a Chapter 7 bankruptcy, you will then be responsible for the debt.\u00a0 Creditors can go after both parties for joint debts, so if your ex is protected by a bankruptcy filing, creditors can and will go after you for the debts, despite what your divorce decree has listed.\u00a0 Simply not paying the debts based on the divorce decree is not an option; creditors can also pursue civil judgments against the non-filing spouse and potentially garnish wages to satisfy the judgment and the debt.\u00a0 This can apply to a variety of debts including anything from a small credit card to a home mortgage deficiency.<\/p>\n

People also come across issues regarding credit scores.\u00a0 Typically speaking, if your ex-spouse files for bankruptcy, your credit score will not be affected.\u00a0 However, if you and your ex-spouse still share accounts, this may not be the case.\u00a0\u00a0 Similar to how creditors can go after you for joint debt, a bankruptcy filing by your ex-spouse can show up on your credit report if you continue to share accounts.\u00a0 It is imperative that you separate accounts and debts so that you will not be negatively impacted by your ex-spouse filing for bankruptcy.<\/p>\n

What, then, are your options if your ex-spouse files for bankruptcy and you have joint debt?\u00a0 This is a tricky subject, because as previously stated, your creditors can begin attempting to collect the debts from you.\u00a0 You could attempt to sue your ex-spouse in civil court for breaching your divorce agreement; however, if your ex-spouse is filing for bankruptcy, chances are that he or she will not have any extra money or assets that you would be able to collect in a settlement. \u00a0Your next option would be to simply assume the debt and begin paying it off.\u00a0 However, if it is a large amount of debt and you are unable to pay it, you may consider also filing for bankruptcy.\u00a0 While this option may not have been something originally considered, filing would wipe out any unsecured debt, like credit card bills, that creditors would be attempting to collect from you.\u00a0 Like your ex-spouse, you would no longer be responsible for paying off those debts.<\/p>\n

If you have questions about how you will be effected by an ex-spouse filing for bankruptcy, contact a St. Louis Bankruptcy attorney<\/a> today!<\/p>\n","protected":false},"excerpt":{"rendered":"

After going through a divorce, many people assume they will not have to worry about the financial situation of their ex-spouse.\u00a0 Often, this is the case; however, there are certain instances when the financial situation of an ex-spouse can negatively … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-247","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nWill I be Effected by my Ex-Spouse Filing for Bankruptcy? - St. Louis Bankruptcy Attorneys<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/bankruptcyattorneystl.com\/?p=247\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"St. Louis Bankruptcy Attorney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247\"},\"author\":{\"name\":\"St. Louis Bankruptcy Attorney\",\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/#\\\/schema\\\/person\\\/ffac9d6264cfaf62f3228d9b170a410b\"},\"headline\":\"Will I be Effected by my Ex-Spouse Filing for Bankruptcy?\",\"datePublished\":\"2012-11-28T23:22:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247\"},\"wordCount\":494,\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247\",\"url\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247\",\"name\":\"Will I be Effected by my Ex-Spouse Filing for Bankruptcy? - St. Louis Bankruptcy Attorneys\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/#website\"},\"datePublished\":\"2012-11-28T23:22:05+00:00\",\"author\":{\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/#\\\/schema\\\/person\\\/ffac9d6264cfaf62f3228d9b170a410b\"},\"breadcrumb\":{\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/?p=247#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Will I be Effected by my Ex-Spouse Filing for Bankruptcy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/#website\",\"url\":\"http:\\\/\\\/bankruptcyattorneystl.com\\\/\",\"name\":\"St. Louis Bankruptcy Attorneys\",\"description\":\"by A & L, Licker Law Firm with offices in Florissant, St. Louis, Manchester, Granite City, and St. Charles. 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