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What is a Joint Petition?

Type: 
Understanding Bankruptcy FAQ
Answer: 

www.ganb.uscourts.gov/court-info/faq/filingwithoutattorney
www.ganb.uscourts.gov/bankruptcy-basics

A joint petition is one bankruptcy petition filed by spouses, requiring the signatures of both people. Only people married on the date they file may file a joint petition. All their property and their debt will be handled together in this one joint case. Spouses seeking bankruptcy relief do not have to file a joint petition. Again, experienced legal counsel should be consulted to evaluate the legal consequences for each potential course of action.

Group: 
General Questions
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