Is Bankruptcy Right for You?

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"When I had my appt I went in very nervous and stressed. When I walked out the door I felt that a weight was lifted off of my shoulders."

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Filing for Bankruptcy As an Individual or a Couple

Filing bankruptcy is a complex decision for married couples. In many cases it is better to file jointly rather than one spouse filing on their own. It is important to seek advice from an experienced bankruptcy attorney early on to determine what is right for you.

Englett and Associates will point out the pros and cons of filing bankruptcy both individually and jointly. There is no standard solution that’s right for every couple seeking relief through bankruptcy. Because of this an attorney will consider all of the factors in a particular financial situation before advising you on the best course of action.

Advantages of Filing Jointly

Regardless of whether you file a Chapter 7 bankruptcy or a Chapter 13, if you are a married couple joint bankruptcy is usually the best option. Some advantages to filing jointly include:

Costs: By filing bankruptcy jointly you will only pay court fees once. If you file separately you will have to pay fees twice.
Shared debt: If you share debt as a couple it is best to have loans discharged in both your names. If for example you are both co-borrowers on an auto loan and only one of you files for bankruptcy, the lender can still seek payment from the spouse who did not file.
Things to Consider

There are many things to consider when making the decision to file bankruptcy if you are married. If you decide to file bankruptcy individually, your spouse will still be connected to the bankruptcy. The Court will base decisions on both of your incomes and debt. It is generally advisable to file joint bankruptcy unless combining income renders you ineligible for Chapter 7 bankruptcy.

When you attend your initial consultation with us it is best to bring all financial information for both spouses. Even if you are considering filing bankruptcy individually, our attorney will want to examine all of your information before advising you on the best option for debt relief through bankruptcy.

Contact a Bankruptcy Lawyer Today

To discuss your individual circumstances with an attorney and to learn whether a joint or individual bankruptcy is right for you, contact Englett and Associates at, (855) 215-2280.

We offer debt relief solutions in compliance with U.S Bankruptcy Code.

Our Locations

Orlando

150 North Orange Avenue

Suite 303B

Orlando, Florida 32801

(407) 455-7359

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Tampa

100 South Ashley Street,

Suite 600

Tampa, Florida 33602

(813) 496-7375

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Fort Lauderdale

888 South Andrews Avenue

Suite 302

Fort Lauderdale, Florida 33316

(954) 334-7776

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Fort Myers

5237 Summerlin Commons Blvd

Suite 305

Fort Myers, Florida 33907

(239) 275-2279

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West Palm Beach

324 Datura Street

Suite 150

West Palm Beach, Florida 33401

(561) 847-7721

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St. Petersburg

970 Lake Carillon

Suite 356

St. Petersburg, Florida 33716

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(727) 497-6076

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Lakeland

Lakeland 1102 S. Florida Ave

Suite 121

Lakeland, Florida 33803

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(863) 327-1724

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Melbourne

6767 North Wickham Road

Suite 400

Melbourne, Florida 32940

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(321) 460-1646

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DeLand

120 South Woodland Boulevard

Suite 203

DeLand, Florida 32720

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(386) 626-0011

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Naples

1415 Panther Lane

Suite 374

Naples, Florida 34109

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(239) 201-2527

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Miami

3350 SW 148th Ave.

Suite 110

Miramar, Florida 33027

(305) 967-6361

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Jacksonville

50 North Laura St

Suite 2566

Jacksonville, Florida 32202

(904) 224-1522

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