It is an understandable concern for many people to worry whether their file for bankruptcy will affect their spouse’s credit. Many times in a marriage it can be one spouse who may mismanage their finances. Sometimes it can be one spouse that may lose their job or run into financial difficulty. The question is how bankruptcy law comes into effect when dealing with a spouse filing bankruptcy and the other spouse not doing so.

It may surprise you to know that US bankruptcy law is set up where only the individual or entity that is filing for bankruptcy is the person in question and a spouse is not included in the bankruptcy petition. However if the spouse is a co-debtor on an account that has been included in the bankruptcy petition, then the file for bankruptcy will appear on the spouses credit report under that account.

The credit bureaus have a separate file for people based on their social security number. However, when faced with the possibility of an account holder considering filing for a chapter 7 bankruptcy or a chapter 13 bankruptcy, sometimes a creditor attempting to collect a debt will use scare tactics to scare a spouse into believing they too are responsible for an account that is under their spouse’s name.

Every once in a while a debt or file for bankruptcy will erroneously appear on a spouses credit report when in fact it was their husband or wife that was the party filing bankruptcy. If this occurs one should contact the credit bureau immediately, report the error and have this removed.

To have all your bankruptcy questions about how a chapter 7 bankruptcy or a chapter 13 bankruptcy will affect your spouse you should consult with a licensed bankruptcy attorney. To do so, start with a free bankruptcy evaluation online at BankruptcyIntro.com.

At bankruptcy intro.com it takes less than two minutes to complete a free bankruptcy evaluation online. This is quick and easy and only asks you to complete some basic questions regarding your assets, debts and income. Upon the completion of a free bankruptcy case evaluation you will then be connected to bankruptcy attorneys in your area that will be happy to provide you with a free bankruptcy case review. The bankruptcy lawyer can answer all your bankruptcy questions and provide you with valuable bankruptcy information in addition to how filing for bankruptcy may affect your spouse.