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Posted in Bankruptcy
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stag3

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wife is 20k in debt and just lost her job, is BK the best option?
she's decided to go back to school full time, she potentially will be looking for a part time job but as she's currently out of a job, the best time to consult a BK attorney is now. will she have a chance @ chapter 7?

we did not have joint accounts so i had no idea she was in this much debt. but i guess it's a good thing as it won't affect me, everything is in my name. this is straight up CC debt for her.

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also she's fine with it sitting on her report for 10 years as i hope she's learned her lesson that you can get laid off @ anytime and it's better to not carry debt.

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I'm not big on anyone filing for bankruptcy, particularly if you are thinking about buying a house sometime in the future.  If you already have/own a home, then maybe it makes sense.  In the "old days" a husband was responsible for his wife's debt but not the other way around.  I don't know if that's still the case.

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stag3

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we already have a house, it's in my name only

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