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  #1  
Old 02-16-2005, 11:12 AM
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Bankruptcy and New marriage

What is the name of your state? Illinois
I am filing for Chapter 7 this month, and it should be final within 4 months. My fiance has perfect credit, and we are concerned that if we marry, my bankruptcy will tarnish his credit. Is this the case? If so, how long must we wait in order to marry in order to keep credit in good condition?
  #2  
Old 02-16-2005, 03:29 PM
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We all go through life with our own credit reports. Your credit issues should not have any affect on his credit file unless you've joint accounts.
  #3  
Old 02-18-2005, 10:18 AM
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I was curious about this also. My father-in-law is building a new house. His wife has lots of credit card debit. They are not jointly listed on any of these accounts. Essentially he has his finances and she has hers. If for some reason she were to file bankruptcy or not be able to pay her debt, would it have any affect on him? Or would they be able to go after him for payment? He is concerned because he is just about to start building a new house with a construction loan. He is doing all of that with just his finances and his credit and income. She is not listed on any part of that.


thanks for the help

BTW, we are in Georgia.
  #4  
Old 02-18-2005, 10:48 AM
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He will be ok as long as he does not comingle any finances. She should not be on the mortgage or the deed to the new home.
  #5  
Old 02-18-2005, 11:33 AM
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Quote:
Originally Posted by bigun
He will be ok as long as he does not comingle any finances. She should not be on the mortgage or the deed to the new home.
Good. Thank you. And it will just be his name on the mortgage and deed, just as it is now.
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