Though marriage is the union of two individuals in love, it also means the negative aspects of a couple’s lives become enmeshed. Filing for bankruptcy is a concern for many. Fortunately for residents of Batavia, NY, Daniel R. McComb Attorney at Law lends his considerable legal prowess to this and many other matters. The following information will provide insight into how your spouse’s debt will be affected if you file for bankruptcy.

Joint Spousal Debt Is a Concern

Usually, your spouse’s credit will not be impacted if you file for bankruptcy. The exception is when you and your partner have joint debt. This means that both parties are liable for paying what is owed. This is different from having a joint credit card; for instance, if one spouse signs for a card while the other is provided a copy—known as permissive use. On the other hand, if both individuals’ names appear on a document, then bankruptcy is an issue for each person.

Current Joint Debt Is Another Matter

If both spouses are jointly obligated, the issue can become murky. In many situations, your partner’s credit history will remain untouched, even when debt is shared. However, mistakes often occur, especially with property that’s linked to a bankruptcy filing. In this case, both individuals’ credit reports could be impacted.

If this happens, contact the reporting agency where the error is listed to have it removed. There are three major credit rating agencies, so check with each to ensure their information is accurate. You can also contact a lawyer for greater insight into how to remedy the issue.

If you have questions about bankruptcy, discuss your needs with Daniel R. McComb Attorney at Law. With over 35 years of experience, he has successfully represented thousands of clients over the years. You can count on him for an aggressive approach to protect your best interests. Call (585) 343-2250 to schedule a consultation today. You can also access his listing of legal services by visiting the firm online