Spouse Has to file Bankruptcy too?

[star59]

What is the name of your state? nj

My friend plans to file for bankruptcy in NJ. Does his wife have to file, too?

 

[bigun]

No, she doesn't have to file but, if they have joint accounts that are included in his bk, the creditors can then come after his wife.

 

[star59]

Duration of Bankruptcy proceedings

NJ:

How much time will it take after filling (assuming all documents and requirements are filed on time)?

Thanks.

 

[bigun]

Well, they try and schedule the 341 meeting of creditors within 30 days of the filing date. Creditors have 60 days from the 341 meeting to object {the vast majority don't} and he should be discharged at some point after that 60 day period. Figure 90 to 120 days depending on the court and trustee schedule.