Can joint debts be included in bankruptcy?
A joint debt is a shared credit agreement that you are both named on.
When only one of you goes bankrupt, the other person named on a joint debt becomes responsible for the whole debt.
This person has to pay the total amount back by themselves.
This is not the case if you go bankrupt, but:
- You each need to apply individually for your bankruptcy and
- Both of you must pay separate bankruptcy fees