What happens if my husband declares bankruptcy but I don’t?

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NJ.com

Q. My husband wants to declare bankruptcy. He has $25,000 of credit card debt in his name alone. We have both of our names on a mortgage and another credit card, but that has no balance. How would his bankruptcy affect my credit? — Wife A. You’re smart to be concerned about what your husband’s bankruptcy could mean to your credit. There’s a lot to consider, though, beyond your credit score. A non-debtor spouse’s credit score is not going to be affected by the filing of a bankruptcy in their spouse’s name, said Karina Lucid, a bankruptcy attorney with Lucid Law in Bridgewater. She said there ar…

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