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When divorce and bankruptcy intersect, it creates a complex financial situation. This discussion covers whether you are obligated to file for bankruptcy if your spouse does and how to handle individual versus joint debt.

• You cannot be forced to file for bankruptcy; it is a personal decision, even during a divorce.
• If debt is solely in one spouse's name, their bankruptcy may resolve the issue without impacting you.
• For joint debts, creditors can pursue the non-filing spouse for the entire amount if the other spouse's obligation is discharged.
• Even if a divorce court divides a debt, a bankruptcy can erase that responsibility for the filing spouse, potentially leaving you liable.
• It is crucial to analyze your financial picture to decide if you should also consider filing to protect yourself from inherited joint debt.

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Click here to watch the video: https://www.youtube.com/watch?v=lFohbd0G688

For more information: https://akivagoldman.com/michigan-divorce-lawyer

⬇️ Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/

For additional information, watch these videos:
What Happens if my Spouse Files for Bankruptcy During our Divorce? - https://www.youtube.com/watch?v=QSPxZk5o3xw
Should I File For Bankruptcy Before Or After Divorce - https://www.youtube.com/watch?v=RCs2Pmd4KrE

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