What to do if I want to claim bankruptcy but I am afraid it will affect my fiance once we get married?

If I do it before we get married will it still affect him? What if I do it after the wedding; will it still affect him if our taxes are files separately?

Asked on June 7, 2012 under Bankruptcy Law, Wisconsin

Answers:

Rebecca Coleman

Answered 8 years ago | Contributor

If you are concerned about the bankruptcy's effect on your fiance, you should definitely file before you get married, rather than after. Once you are married, your husbands income must be considered as part of your household income and will help determine if you can file for Chapter 7 or have to file under Chapter 13. And if you do file for a Chapter 13, your husband's income will be considered when determining how much money you have to pay each month. The effect on your fiance will be far less (and possibly non-existent) if you file before you get married.


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