“Joint Petition” in Filing Bankruptcy

Filing a Joint Petition Bankruptcy | Filing Bankruptcy When Married

By Max Gunderson

What is a “Joint Petition” for Bankruptcy? A joint petition in bankruptcy is the filing of one single bankruptcy petition by an individual and his or her spouse.  In Arizona, an individual will only be able to file a joint petition if they are legally married on the date that they file their Chapter 13 or Chapter 7 bankruptcy case.  A benefit of a “joint petition” is that the couple will only have to pay only one filing fee, not two.

Unmarried individuals, corporations, and partnerships are not able to file joint petitions while filing for bankruptcy protection in Arizona. In addition, although married couples may file a joint petition, they are not required to do so.  If you have questions or concerns as to if you qualify for a joint bankruptcy filing, please contact an experienced Arizona bankruptcy attorney who will guide you through the process of filing chapter 7 or chapter 13 bankruptcy in Arizona.

The purpose of filing for bankruptcy in Phoenix and Tucson, Arizona is assist an individual or couple who are in financial distress. Filing for Chapter 7 or Chapter 13 bankruptcy should improve their living conditions and help them obtain a fresh start financially. The bankruptcy court achieves this by discharging the obligation to all or a portion of the debt–not by discharging the debt itself. If the bankruptcy court absolves one account holder of his responsibility to repay a creditor, the full legal responsibility for repayment falls to his joint account holder. If the court discharges the debt and no joint account holder exists, the creditor cannot pursue anyone for repayment.

Sometime it is beneficial to file a “Joint petition” if you are considering filing for Chapter 7 or Chapter 13 bankruptcy in Tucson, Phoenix, Arizona. If the debts you owe are also owed by your spouse, or co-signed by your spouse, it would be beneficial to file bankruptcy together as a married couple. If most of the debts are in your name only, you may consider filing a bankruptcy as the sole debtor.

If you are married or may be soon getting married and could be considering filing for chapter 13 bankruptcy or chapter 7 bankruptcy in Phoenix, Glendale, Chandler, Mesa, or  Tucson, Arizona, you should contact a bankruptcy lawyer,  debt relief specialist, or bankruptcy attorney to find out if you should file a sole bankruptcy petition or a joint bankruptcy petition.  An experienced bankruptcy lawyer will be able to point you in the right direction regarding  joint bankruptcy petitions in Arizona.

If you have any questions about what a bankruptcy “joint petition” is or if you are considering filing chapter 7 bankruptcy, chapter 13 bankruptcy, or some other form of debt relief, you should contact a Mesa, Scottsdale, Gilbert, Glendale, Ahwatukee, Phoenix, Tucson, or Sierra Vista, Arizona bankruptcy lawyer for assistance.  At the My AZ Lawyers, we want to help you with your bankruptcy needs, be it Chapter 13 Bankruptcy Questions, Chapter 7 Bankruptcy Questions, or questions regarding your bankruptcy discharge. To receive further assistance, just complete our free bankruptcy case evaluation form or call (480) 263-1699 Phoenix Area Bankruptcy Lawyer or (520) 306-8729 Tucson Area Bankruptcy Lawyer.

If you are looking for more information about:  Joint Petition bankruptcy filing, Debt Relief in Arizona, Chapter 13 Bankruptcy in Arizona, Chapter 7 Bankruptcy in Tucson, Arizona Bankruptcy Lawyers, Arizona Bankruptcy Attorneys, Repossession Deficiencies, Tucson Bankruptcy Law Firm, Automatic Stay in Bankruptcy, or Affordable Bankruptcy Assistance.

Visit our bankruptcy information web site:  https://bankruptcy-az.com