Sentences with phrase «discharge of their joint debts»

, a non-filing spouse will not receive the benefit of his or her spouse's discharge of a joint debt and the account history of a joint debt will reflect any delinquency or nonpayment of the joint debt by the parties.

A husband and wife may file a joint bankruptcy while they are married and both may obtain a discharge of their joint debts.

Not exact matches

In the absence of a bankruptcy discharge, the creditor may sue either or both spouses for satisfaction of a joint debt.

With a bankruptcy discharge of one spouse, the creditor may look to the other spouse for full payment of the joint debt.

A discharge of the couple's joint debts can eliminate a potentially contentious issue in a Virginia divorce: who will pay each joint debt.

The married couple may benefit from the lower costs and fees of a joint filing and the ability to discharge joint debts completely.