Will my bankruptcy affect my fiances credit if we move in together?
I am planning to move into a home with my fiance. We want both of our names on the house, but I am going to file for bankruptcy. Will this affect his credit score?
Answered By: Mercado & Hartung, PLLC
If you use both your credit, the Lender will use the BK filing against you in it's determination.
Answer Applies to: Washington
Replied: 1/19/2012
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Answer Applies to: Washington
Replied: 1/19/2012
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Bruning & Associates, PC
You should file for your bankruptcy and received the discharge prior to the time that you move into a home with your fiance.
Answer Applies to: Illinois
Replied: 11/22/2011
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Answer Applies to: Illinois
Replied: 11/22/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Guardian Law Group PLLC
No it will not effect his credit but if you are listed as an owner on the home when you file bankruptcy it will be an asset in your name and become part of your estate. DO NOT place it in your name if you are considering bankruptcy. Do your bankruptcy and in the future after you are married then you can add your name if you really want to.
Answer Applies to: Utah
Replied: 11/21/2011
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Answer Applies to: Utah
Replied: 11/21/2011
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Answered By: Charles Schneider, P.C.
Your fiance's credit ought not to be affected.
Answer Applies to: Michigan
Replied: 11/21/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Michigan
Replied: 11/21/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Charles R. Nettles - Attorney at Law
Your credit score is only affected by your debts. A bankruptcy does not become part of someone else's just because they get married. There is no reason why his score would be effected.
Answer Applies to: Texas
Replied: 11/21/2011
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Answer Applies to: Texas
Replied: 11/21/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Bankruptcy Law office of Bill Rubendall
A bankruptcy of one person does not affect the other unmarried person's credit.
Answer Applies to: California
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Law Offices of James Wingfield
If he is a co-obligor on a home loan then a bankruptcy on your part may have some adverse effect on his credit score. If you are buying a home immediately before entering into a bankruptcy there could be adverse issues for you, but since you asked specifically about the effect of the bankruptcy on your fianc, I will limit my response to the effect on him. If the home is his house already and he is gifting a portion of the house to you, there may be homestead issues for you in the bankruptcy. The house will now be an asset of yours and therefore an asset of the bankruptcy estate if it is in your name. Per the changes to the bankruptcy code in 2005 (the Bankruptcy Abuse Protection and Consumer Protection Act BAPCPA of 2005) the homestead exemption is currently limited to $146,500 if you came to own a house in your current state within the past 1,215 days (roughly 40 months). So if there is a large amount of equity in the house, the transfer of the house to you prior to filing bankruptcy might turn out to be a gift to your creditors. If it is going to be a simple gift, it is best to wait until after filing the bankruptcy.
Answer Applies to: Massachusetts
Replied: 11/19/2011
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Answer Applies to: Massachusetts
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: The Barger Law Firm
No, your bankruptcy will not affect his credit score. It may, however, affect whether the lender will fund the purchase of the home in both of your names.
Answer Applies to: Texas
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Texas
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Mankus & Marchan, LTD
Your bankruptcy should not affect your fiancees credit score even if you purchase a home together.
Answer Applies to: Illinois
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Illinois
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: The Law Office of Darren Aronow, PC
Moving in together will not affect the bankruptcy, however, putting your name on the deed can affect the ability for creditors to attach liens to the house. His credit score will not be affected by moving in together.
Answer Applies to: New York
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: New York
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Rhonda R. Werner Schultz, PL
Your filing bankruptcy will not affect your fiancs credit score. However, will you qualify for a chapter 7 once you have moved in with your fianc? You include all household income in calculating the means test whether or not all household members file for bankruptcy.
Answer Applies to: Wisconsin
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Wisconsin
Replied: 11/19/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Carballo Law Offices
No change title to property and don't mix your finances or hold joint assets or accounts until your bankruptcy case is over. You can live together but maintain separate finances. Your bankruptcy will not affect your fiance's credit or anything else.
Answer Applies to: California
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: The Stockman Law Office
The general answer is no. However, it does depend on what other credit you may have together.
Answer Applies to: Florida
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Florida
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Ashman Law Office
If you are filing bankruptcy it is probably an awful idea to own a home together. Do not file the case or get the home until you see a lawyer. Do this pro se and you may mess up both your lives.
Answer Applies to: Georgia
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Georgia
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Lindsey Scott and Associates
Generally, an unmarried individual's filing of a bankruptcy, will not affect the credit of a non-filing, unmarried spouse.
Answer Applies to: Louisiana
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Louisiana
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Indianapolis Bankruptcy Law Office of Eric C. Lewis
Generally, one's bankruptcy does not affect the credit of a spouse/fiance'.
Answer Applies to: Indiana
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Indiana
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: A Fresh Start
No, your bankruptcy will not affect his credit, even after you're married.
Answer Applies to: Illinois
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Illinois
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
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- What happens if I file for a chapter 7 bankruptcy and my debts are not all liquidated?(1/5/2012)
- What happens if I file for bankruptcy while my home goes into foreclosure?(1/5/2012)
- If I file for bankruptcy can I still use my credit cards?(12/28/2011)
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- Is there anything I can do if a creditor files bankruptcy for me?(12/21/2011)
- When is it too late to add anything to my bankruptcy file?(12/21/2011)
