I live in Idaho and this is a community property state. All of our creditors have been refered to my BK attorney. We have retained him, paid his fees, but he is waiting three months to file because we just started our trial plan for home affordable mortgage. We have about $60K in credit card debt in both personal and business credit file. Our business went BK and its an LLC, however I believe that 1/2 or more of the LLC debt is personally guaranteed by us, the sole owners /partners.
Here is where I am now...
We pulled hubby's credit report. There were only two accounts under Chase Visa that were listed under his social. We disputed these accounts (potentially negative reporting) because he didn't sign for these accounts or have a card for them. I just got a letter back stating that the accounts were removed from his credit report.
None of the other debt that was in his name, nor did he sign for it. None of the cards (since having the 2 chase accounts removed from credit report) are in his name except one LLC card, which is under the EIN. They might try to come after us for that....I'm not even sure if its on my credit report.
The attorney's assistant said that the credit card companies might come after my husband after I file BK so we might as well file under both of our names to avoid paying the 2nd BK fee.
So, I would REALLY, really like to keep his credit good just in case we need to purchase a new house or whatever in the future. So, what do you think the likelyhood of them actually trying to take him to court? I was told that the worst that would happen is I would have to pay another $1200.00 to file under his name at that point. I guess I don't mind gambeling that if there is a chance that we can keep him out of BK.
Any advice ????
Thanks!
Here is where I am now...
We pulled hubby's credit report. There were only two accounts under Chase Visa that were listed under his social. We disputed these accounts (potentially negative reporting) because he didn't sign for these accounts or have a card for them. I just got a letter back stating that the accounts were removed from his credit report.
None of the other debt that was in his name, nor did he sign for it. None of the cards (since having the 2 chase accounts removed from credit report) are in his name except one LLC card, which is under the EIN. They might try to come after us for that....I'm not even sure if its on my credit report.
The attorney's assistant said that the credit card companies might come after my husband after I file BK so we might as well file under both of our names to avoid paying the 2nd BK fee.
So, I would REALLY, really like to keep his credit good just in case we need to purchase a new house or whatever in the future. So, what do you think the likelyhood of them actually trying to take him to court? I was told that the worst that would happen is I would have to pay another $1200.00 to file under his name at that point. I guess I don't mind gambeling that if there is a chance that we can keep him out of BK.
Any advice ????
Thanks!
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