Debtor

Filing jointly before a divorce can save money on filing fees and attorney costs, as you only need to pay once for a joint bankruptcy petition. Jointly held debts like credit cards or medical bills can be discharged together, simplifying the divorce process.Combined household income might qualify you for Chapter 7 bankruptcy, which typically discharges unsecured debts within 4-6 months. By discharging unsecured debts, the couple has fewer liabilities to divide during the divorce process.However, the automatic stay can delay divorce proceedings, especially if marital assets are involved. Additionally, joint bankruptcy proceedings during an already strained marriage can add emotional stress to the process.

A court ordered remedy whereby the property or money of the debtor is taken and applied to the debt until it is paid off.