What kind of debt relief is available to married couples filing for bankruptcy?

Married couples filing for bankruptcy in Washington may have access to a variety of debt relief options. Generally, individual bankruptcy filings (either Chapter 7 or 13) allow people to wipe out certain types of debt, such as credit card debt, medical bills, and personal loans. In addition, bankruptcy law allows married couples to both file for Chapter 7 bankruptcy protection, either jointly or separately. This allows both spouses to wipe out their respective individual debts. For those filing for Chapter 13 bankruptcy protection, married couples may be able to reorganize their debt in order to make their payments more manageable. This option allows couples to make one payment for both of their debts and to make all payments through one bankruptcy trustee. In addition, the amount that couples must pay each month may be reduced or the length of the repayment plan may be extended in order to provide more affordable repayment options. For some couples, filing for bankruptcy together may also provide benefits. For example, if couples can agree on a Debt Management Plan, they can work together to pay off their debts. In addition, filing jointly may provide couples with more time to deal with their finances as they no longer have to worry about collection agencies. Finally, married couples who file jointly may also save money on legal fees and filing costs.

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What kind of debt relief is available to married couples filing for bankruptcy?

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