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Yes. A husband and wife may file a joint petition under chapter 7. if a joint petition is filed, only one set of bankruptcy forms is needed and only one filing fee is charged.
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Yes, a husband and wife may file a joint Chapter 7 petition. Only one set of bankruptcy forms are needed and only one filing fee is charged. MAY I KEEP ALL OF MY PROPERTY? The bankruptcy law allows you to keep exempt assets. In most states, you may choose between Federal and State exemptions. In many, but not all, the Federal exemptions are better because they will allow you to protect more in assets. Some of the Federal exemptions you are entitled to are: $18,450.00 in equity in your home and $36,900.00 if you are married; If you do not need to use all of this amount, up to $9,250 of the unused portion may be used to cover any other property you choose (double this amount if you are married); additionally, $2,950.00 in equity in your car $475.00 per item in your household goods up to a total of $9,850.00. The amounts of the exemptions are doubled when a married couple file together. Equity in property is the amount in value after subtracting the amount of debt.
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Yes. A husband and wife may file a joint case under chapter 7. If a joint chapter 7 case is filed, only one set of bankruptcy forms is needed and only one filing fee is charged.
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Yes. A husband and wife may file a joint petition under Chapter 7. If a joint petition is filed, only one set of bankruptcy forms is needed and only one filing fee and attorney fee is charged.
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Yes. A husband and wife may file a joint petition under chapter 7. If a joint petition is filed, only one set of bankruptcy forms is needed and only one filing fee is charged.
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Yes. A husband and wife may file a joint petition under chapter 7. if a joint petition is filed, only one set of bankruptcy forms is needed and only one filing fee is charged.
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Yes. A husband and wife may file a joint petition under chapter 7. If a joint petition is filed, only one set of bankruptcy forms is needed and only one filing fee is charged. Top • Under what conditions should both spouses file under Chapter 7? A husband and wife should file jointly if one or more substantial dischargeable debts are owed by both spouses. If both spouses are liable for a substantial debt and only one spouse files under chapter 7, the creditor may later attempt to collect the debt from the non-filing spouse, even if he/she has no income or assets. A discharge of a debt for one spouse does not discharge the debt for a non-filing spouse or any other co-signor or guarantor of the debt. Top • When should a Chapter 7 case be filed? The answer depends on the status of the debtor's dischargeable debts, the nature and status of the debtor's nonexempt assets, and the actions taken or threatened to be taken by the debtor's creditors.
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March 28, 2008 « Previous Page Yes. A husband and wife may file a joint petition under chapter 7. if a joint petition is filed, only one set of bankruptcy forms is needed and only one filing fee is charged.
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May a husband and wife file jointly under chapter 7?
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