Bankruptcy before marriage

[dinalewis]

What is the name of your state? Texas
My fiancee is considering filing bankruptcy. If we get married after he files, how will this affect my assets? I have a house, car, savings and pension. He currently has very little in the way of assets. I don't want to ruin my credit or be responsible for his debt.

 

[BeenAround]

Him filing for bankruptcy before marrying you should have nothing to do with your assets ...assuming you guys don't have any joint financing deals right now. I'd advise you to just wait for his banrkruptcy judgment to be finalized before you get married so that you will know what sort of a financial mess you will be marrying into.

What you may face - are some inconveniences for marrying someone with a debt problem. For example, if he can't discharge some of his debt - like studen loan and end up with some sort of a tax lien, then you CAN be affected when you marry him if you file for a joint tax return. But you can clear that up by filing appropriate tax form - but I won't get into that right now as it's another subject matter.

 

[djm123]

???? WONDERING WHAT I SHOULD HAVE TO CLEAR THE AIR & BE SAFE

My girlfriend is from AZ, I am I in PA., SHE is filing for bankrupcy & WE are to be married next year & reside here in PA..

What effect would this have on ME & the marriage, what should I watch out for & ask to have before I TIE the not? ."

 

[bigun]

I think it's just cleaner all the way around if one party needs to file to just do it and get it discharged prior to the wedding.
There can be NO question that the other party had anything to do with the debt discharged {unless it was joint}. There'll be no collection calls or threats of lawsuits or harrassment. You'll begin married life in peace and quite.You'll be able to have joint bank accounts and comingle assets without fear of someone trying to attach or levy them.
I'd just advise everyone to check their credit reports annually just to be sure an old bk cootie doesn't migrate over. If you see that does not belong to you, dispute it immediately.