Understanding Joint Bankruptcy
When a married couple finds themselves struggling with overwhelming debt, it can feel like there is no solution in sight. However, those with debt issues actually have a number of different options available for resolving their problems. One of the most popular of these potential options is filing for joint bankruptcy. Under joint bankruptcy, a couple’s most important assets may be able to be protected while debt issues are resolved.
If you or someone you know is considering filing for joint bankruptcy, it is important that you first discuss the issue with a qualified legal representative in order to ensure that this option is right for you. Contact the Houston bankruptcy attorneys at the Russell Van Beustring P.C., today at 713-973-6650 to discuss your situation with our experienced lawyers today.
Benefits of Joint Bankruptcy
If a couple holds significant amounts of debt together, it may be advisable to file for joint bankruptcy. The following are some of the most important benefits associated with joint filing:
- Lower costs from filing a single application
- Protects both spouses from debt collectors for jointly held debt
- Time saved in filing applications
A joint filing can provide many important benefits for those with shared debts, and at the Russell Van Beustring P.C., we are here to help you determine if this debt relief option is right for your family.
If you are facing overwhelming debt, pursuing bankruptcy protection can be an effective method for returning to financial freedom. Contact the Houston bankruptcy lawyers at the Russell Van Beustring P.C., at 713-973-6650 today to learn more about securing a fresh financial start through bankruptcy.