Seperated, headed for divorce and need advice on Bankruptcy .?

Has anyone filed bankruptcy due to overwhelming debt accumulated during a marriage? Does it affect just the person who files or both of you? Did it help you rebuild your credit/life %26amp; how long before you're not looked at as a risk to creditors? ThanksSeperated, headed for divorce and need advice on Bankruptcy .?
Divorce is one of the leading reasons for filing a bankruptcy case. Two households cost more than one.





Bankruptcy only affects the person who files it.





It takes, on the average of 2-4 years to really rebuild your credit. However, it starts to improve right away after filing a bankruptcy case when you are paying normal obligations on normal terms.Seperated, headed for divorce and need advice on Bankruptcy .?
Yes , if it's your dept then your credit is bad!


if your separated and getting a divorce then it's only yours that will be damaged.
now a days filing bankruptcy is not as easy as it was years ago where all your debt's are wiped out and you get a clean slate...you will have to go through credit counseling first..and 20 yrs ago after getting divorced at age 23 i did file bankruptcy and it stayed on my credit report for what seemed like forever and it took a long time to repair the credit or even get credit again
It effects both of you if you both your names are on bills. It takes about 10 yrs. to get credit straightned out. Word of advice...try not to file bankruptcy, try to find ways around it or get help from one of them companys that help put all your bills together and you just pay one payment. Wished I had and sorry I don't know of there names, i just seen them on t.v.
i don't believe in devorce, but depending where you live and on there laws about devorce and bankruptcy, you need to do some research. but what i do know is that if you in a marriage every thing is community propertiy which is what debt you have while you were married even if it's his only and he got it while you were married, so wait untill the devorce is final and everything is brought up in devorce court and you know what you have to pay then you file for bankruptcy but not before the devorce. and bankruptcy stays on your record for 10 years depending on where you live. if you file before your devorce and the devorce judge tells you to pay half of whatever, then once you bankruptcy is discharged which is about 5 years, then you will have to start paying off you devorce judgement so wait untill you go in front of the judge so you know what you have to pay but if you don't have to go in front of a judge then find ot if you ex is asking you to pay anything and make sure you get copies of everything and any promise s get them and everything in writting. sorry so long i hope you understand what i was trying to say