Can you file bankruptcy with only one spouse in Indiana?

Yes, but your spouse will still be liable for any joint debts. If you file together you will be able to double your exemptions. (see Indiana bankruptcy exemptions) In some cases where only one spouse has debts, or one spouse has debts that are not dischargeable then it might be advisable to have only one spouse file.

How much does it cost to file bankruptcy in Indiana?

It now costs $306 to file for bankruptcy under chapter 7 and $281 to file for bankruptcy under chapter 13, whether for one person or a married couple. The court may allow you to pay this filing fee in installments if you cannot pay all at once.

What happens when only one spouse files for bankruptcy?

Debts where spouses are joint and severally liable for payment will remain with the spouse who has not filed for bankruptcy. However, in states, that follow community property law, then a single spouse bankruptcy for joint debts may be advantageous, in some situations. How Will Filing Bankruptcy Affect My Spouse?

Is it OK to marry someone who has declared bankruptcy?

My advice would be not to marry someone that had declared a bankruptcy.I married a man that had declared bankruptcy.He ran up credit cards,took out an equity line on our property .and ran up massive amounts of debt.I had to divorce him .They are financially irresponsible and do not learn their lesson.

Yes, but your spouse will still be liable for any joint debts. If you file together you will be able to double your exemptions. (see Indiana bankruptcy exemptions) In some cases where only one spouse has debts, or one spouse has debts that are not dischargeable then it might be advisable to have only one spouse file.

What happens if you file Chapter 7 bankruptcy in Indiana?

The primary goal of anyone filing Chapter 7 in Indiana is to obtain a discharge. In order for the court to grant you a discharge, you are required to complete a course on financial management after filing your case. This is different from the course you took before you went to court to file your Indiana bankruptcy.

Can a married couple file jointly in Indiana?

Married Couples Can Double Indiana Exemptions. For instance, if both spouses own the rights to a trademark (which is intangible property) and file jointly, they can double the amount of the intangible property exemption allowing them to keep a portion (albeit small) of their rights.

Is it fun to file bankruptcy in Indiana?

While no one thinks it’s fun to seek the bankruptcy protections available pursuant to Indiana bankruptcy laws, they are there to help you take care of yourself and your family. Worrying about money and filing bankruptcy in Indiana normally go hand in hand.