Filing Bankruptcy Jointly is Best for Married Couples
If one spouse stays out of the bankruptcy, the effectiveness of bankruptcy’s fresh start is degraded, as one of the spouses will have to continue diverting some of the family’s resources to making payments on old debts. There may also be a corrosive effect on the marriage as one spouse goes through an important court process that the other avoids without having good cause: the shared financial enterprise of the marriage is no longer “shared” in that respect. Unless your financial consultant identifies a good reason for only of the spouses to file bankruptcy, doing it together is almost always the best idea. Also, it’s much easier to obtain credit after filing bankruptcy and most people think.