UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next
Author: joelcorley Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: Re: One spouse files bankruptcy Date: 3/21/2005 4:32 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
eyecolts,

You wrote, Reading this just makes me realize how fortunate I am in that it would be impossible for my DH to declare bankruptcy because he can't pay "his" debts. For good or bad, we're in it together...if bills can't be paid at our house, it's a joint problem, with joint solutions...regardless of which name an account may be in.

It's sweet that you trust your spouse so...

But trust me, it's quite possible for a spouse to declare bankruptcy without the consent or even knowledge of their partner. It's even possible with joint accounts for a spouse to work against your objectives, hide expenses and otherwise make it impossible to make any meaningful financial progress.

It's not that your DH can't declare bankruptcy - it's that you trust him not to put you or himself in that position... There's a big difference.

- Joel
Who was young in mind as well as body ... once.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Wal-Mart Nixes Apple Pay
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement