
In Chapter 13 Bankruptcy, if your spouse is also going to file, the best time is when you file your petition. In Chapter 13 bankruptcy since you are repaying most or all of your debt, the lenders usually do not go after a co-debtor as bad is if they filed Chapter 7 Bankruptcy. Furthermore, if you file Chapter 13 bankruptcy and she does not and you receive a discharge, after that point any account that she is a codebtor of could seek a judgment in civil court and still put a lien on your property. If you have a lot of common debts that you cannot repay, she should really file at the same time you are filing.
I have responded to your inquiry according to the laws of Massachusetts, where I practice. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options.
Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.
Joseph F. Botelho, Esq.
BOTELHO & ASSOCIATES, LLC
Attorneys At Law
www.massachusettslawyeronline.com
126 Shove Street
Unit 202
Fall River, MA 02724
Office: 888-269-0688
Cell: 508-801-6747
FAX: 877-475-8147