My wife and I live in Georgia along with our offspring. I have a couple of questions.
Question #1 -- If I was to file for Chapter 7 bankruptcy due to debts in my name, would my wife's credit be affected? Would the bankruptcy affect her in any way other that the obvious ways that I would be affected by a bankruptcy?
My only debts are as follows:
* Old federal school loans totaling around $25-30,000 (last time I checked), which I have not made a payment on since 2005 or 2006.
* I was unaware of it, but I got roped into a court case in North Carolina and ended up with a default judgment against me which I found out about in early 2010. Last time I checked in early 2010, the judgment against me from that case was over $2 million. I would have to check, but I'm sure it is at least $3 or 4 million now due to interest.
Question # 2 -- Is there any problem including these in a Chapter 7 Bankruptcy?
Thank you for the help...