The phrase "individual debtors" refers to individuals or people who owe money to someone else. It means that these individuals have borrowed money or taken on financial obligations, and now they are responsible for paying it back. Full definition
The house may be in the spouse's name, but each asset is viewed by the bankruptcy courts separately and in relation to the filing individual debtor. (betterbankruptcy.com)
With that in mind I will outline the pro's and con's of each method, but which will work for any given individual debtor will vary on the debtor's own circumstances. (fastdebtsettlements.com)
It is much more complex, time consuming and expensive than Chapter 7 or 13, but is the sole resort for individual debtors with debt which exceeds the limits mentioned above. (rocketlawyer.com)