When facing bankruptcy as a nonmarried couple or when you are in a nontraditional household, the information you receive can be confusing and overwhelming. The process for filing bankruptcy may not be as clear-cut as if you were single, living alone, or married. This does not mean that it is impossible for you to file for Chapter 7 or Chapter 13 bankruptcy protection. It just requires you to have a knowledgeable and experienced Louisville, Kentucky consumer bankruptcy lawyer on your side who can assess your case and walk you through the process. Contact Schwartz Bankruptcy Law Center today to learn more about bankruptcy for unmarried couples and how we can assist you.
At Schwartz Bankruptcy Law Center, our lawyers provide comprehensive and tailored bankruptcy representation to clients in Kentucky and Indiana. Using our four decades of experience, we strive to help clients understand their rights regardless of their household or relationship situations. We believe everyone is entitled to a fresh start. Speak with us today so we can get started working on your case and getting you on the right financial path.
Whether you are a couple living together who is not married or your household is more untraditional than most, you will have to go through the bankruptcy means test. This is a complex formula that is designed to calculate your eligibility for bankruptcy. Your ability to pass or not pass the means test depends on the numbers and your ability to repay the debts you owe.
Passing the means test results in your ability to file for Chapter 7 bankruptcy. If you do not pass the means test, you must instead file for Chapter 13 bankruptcy.
In regard to the means test, there are very specific rules for married and nonmarried people. However, the rules are less clear for individuals in other types of living arrangements, such as roommates or people who have lived together as husband and wife, but are not legally married.
Note: “Common law” marriages are not recognized by Kentucky or Indiana. These parties may have entered into contractual agreements that must be considered when assessing their eligibility for bankruptcy.
If you are a nontraditional household with a significant portion of debt weighing you down, then talk to the experienced attorneys at Schwartz Bankruptcy Law Center. We’ve handled hundreds of bankruptcy claims for unmarried couples in Kentucky over the last 40 years and know what solutions work best in what situations. Contact us today.