I filed for bankruptcy in 2002 due to a divorce. It was discharged in 2003 included in the bankruptcy was a judgment placed o...
Full Question:
I filed for bankruptcy in 2002 due to a divorce. It was discharged in 2003 included in the bankruptcy was a judgment placed on me in 1999. I would like to get married but I need to know how all this will effect my new spouse who has excellent credit if at all and how it will effect if we wanted to purchase a house in the next 3 years. What kind of attorney to I need to help me figure this out?
01/08/2008 |
Category: Bankruptcy |
State: North Carolina |
#14571
Answer:
If you have joint debts, a creditor could report on your spouse’s credit that the CO-SIGNER for your spouse on a particular loan had filed bankruptcy. If you have no joint debts, one spouse's bankruptcy should have no effects on the other spouse's credit rating. However, the bankrupt spouse may not qualify as a co-signer in the future due to the bankruptcy, so one spouse's bankruptcy may indirectly affect the other spouse.