No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
If her name is on a loan that you file bankruptcy on than she would then be responsible for that loan. Filing a bankruptcy only gets your name off the loan(s), you would both need to file together.
One spouse can file bankruptcy separately and both are held responsible.
When you file a mutual bankruptcy, you and your partner file a single set of bankruptcy papers with the court. In your bankruptcy appeal, you release all property, debt, income, and expenses you have between both you and your partner.
No they never did file for bankruptcy
If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.
They did not file for bankruptcy.
No, they did not file for bankruptcy.
Every case is different, but if the two of you file a joint petition for bankruptcy before the divorce, you will both avoid problems. Consult a lawyer who knows both divorce and bankruptcy law.
You must not be asking what your meaning.I would be very surprised if anything other than a very, very few retirees ever need to file for bankruptcy.
what companies did file a bankruptcy in 2005,2006 and 2007.