You’re thinking about filing for bankruptcy in Ohio in order to improve your credit score and report down the line. However, you don’t want to file with your spouse as well. They may have a clean report, as well as a good credit score, and you don’t want to mess that up. By learning about whether or not you have to file with your spouse, you can decide if you want to file in general.
Filing Without Your Spouse
In Ohio, you are not required to file for bankruptcy with your spouse. You may want to file independently if you have debt and your spouse does not, your spouse already filed for bankruptcy within the past eight years, your spouse doesn’t want to lose their assets, and your spouse has a strong store and credit report.
Filing With Your Spouse
There are reasons why you may want to file for bankruptcy with your spouse in Ohio. For example, even if you declare bankruptcy, if your spouse co-signed on one of your loans, they will still owe the money. Additionally, you can each claim your own exemptions if you file jointly. You may also be able to keep certain property should you file together.
What Debts Can You Discharge?
Some of the debts that can be discharged in bankruptcy include personal loans, credit cards, cash advance debt, medical bills, bills from collection companies, a home equity line of credit, a second mortgage, and attorney fees.
Get in Touch With Richard P. Arthur
Richard P. Arthur, Attorney at Law, can help you file for bankruptcy. You can call 937-254-3738 for a consultation. He has more than three decades of experience helping clients in Dayton and Trotwood, as well as Montgomery, Greene, Miami, Clark, and Warren counties.