Commonly asked questions of married individuals needing to file bankruptcy:
Do married couples have to file bankruptcy together? If you are married there are three options for filing bankruptcy: 1) file together, 2) file alone, or 3) both file separately. There are several factors to consider when deciding if you should file jointly or alone. The biggest factors being how are the debts split between you, how much does each of you make, and who owns the property.
What about joint and co-signed debts? When a debt is joint or co-signed, both spouses owe 100% of the debt. It makes no difference what name comes first or who the debt was actually for. If your name is on the bill, you owe the whole thing. If you file joint tax returns then you both owe the tax debt.