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A "joint assignment" enables two people to file for bankruptcy together, when their debts
are mainly joint debts. When all of the debts for both people are added up, and 75% of that
total is for joint credit cards, lines of credit, etc., a joint assignment can be made.
This is a good option when both parties have similar financial circumstances, as in a husband
and wife sharing household finances, and histories, such as no prior bankruptcies, or one prior
bankruptcy each, so that the timelines for each person match as closely as possible.
Talk to your trustee about the advantages and possible disadvantages of this option.
Your trustee may believe a joint assignment is in the best interests of not only both
debtors but the creditors as well.