Nashville Bankruptcy Law Firm Clark & Washington Weigh the Pros and Cons of Filing Jointly and Separately as a Couple

    NASHVILLE, TN, May 07, 2015 /24-7PressRelease/ -- The decision to file for bankruptcy individually or as a couple can be confusing and difficult. The Nashville bankruptcy lawyers at Clark & Washington give the following suggestions to help you make the decision that is right for you and your spouse.

Filing jointly means you save on the bankruptcy filing fee and much of the paperwork can be prepared and consolidated under one filing. If you and your spouse have joint debts, it makes sense to file jointly for bankruptcy as well. If you file for bankruptcy and your spouse does not (even if you hold joint debts), creditors will likely pursue your spouse for payment.

However, there are some reasons why filing jointly is not advisable or even possible, such as when you or your spouse already have a prior bankruptcy. If you're filing for Chapter 13 and one spouse has a debt that exceeds Chapter 13 limits, you also cannot file jointly. When filing for Chapter 7 and either you or your spouse has some concealment issues that may prevent the discharge of the debt, it is better to file individually.

The best and safest way to make this decision is with the assistance of an experienced bankruptcy attorney. There are several factors that impact your decision to file for bankruptcy jointly or not, including your individual circumstances, combined income and personal finances. A knowledgeable bankruptcy lawyer can help make your bankruptcy filing successful.

If you have any questions or concerns about bankruptcy in Nashville, get in touch with Clark & Washington as soon as possible. With more than 30 years of experience in bankruptcy law, they are the Nashville bankruptcy attorneys you want on your side. To learn more, please go to http://www.bankruptcyattorneyNashville.com/.

About Clark & Washington:

Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal Chapter 7 and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit http://www.bankruptcyattorneyNashville.com/.

# # #