What about spouses, can an individual declare bankruptcy?

It is common and allowed for one spouse to file a bankruptcy. In Florida, assets that are titled in your spouses name are not a part of your bankruptcy estate. It is important to note that a bankruptcy filing by one spouse does not discharge liabilities on joint debt. The non-filing spouse will remain responsible for the joint debt.
If you are considering filing for bankruptcy, I suggest consulting with an experienced bankruptcy attorney.

Leave a Reply

Your email address will not be published. Required fields are marked *