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What is a joint bankruptcy petition?

April 26, 2017Bankruptcy Joint petition

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What is a joint bankruptcy petition?

3 Answers

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A joint petition allows only a husband and wife to file a single petition for bankruptcy. Business entities and unmarried people are prohibited from filing joint bankruptcy.

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A joint bankruptcy petition is the filing of a single petition by a husband and wife. Only a couple who is married (including common law marriage) on the date of filing may file a joint petition. Unmarried people, corporations, and partnerships must file separate petitions.

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A joint bankruptcy petition is the filing of a single petition by a husband and wife. Only a couple who is married (including common law marriage) on the date of filing may file a joint petition. Unmarried people, corporations, and partnerships must file separate petitions. If you are an individual and have a business corporation, limited liability company or partnership, you may not file a single petition for yourself and that business. You must file a separate case for yourself and a separate case for the corporation, limited liability company or partnership.