When spouses consider filing for bankruptcy, they must often decide whether they will file separately or jointly. This decision will often depend on whether the debts are separately or jointly owed.
Under Chapter 7, if the spouses choose to file separately and one spouse is unable to pay his or her debts, then the other spouse may be forced to repay the debts. The rules for Chapter 7 are even further complicated in community property states like Texas, California, Idaho, Nevada, and New Mexico.
If you and your spouse are considering filing under Chapter 7 bankruptcy, contact the Austin Chapter 7 bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100.