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What is a Joint Petition for Bankruptcy?

A joint petition is the filing of one single bankruptcy petition by an individual and his or her spouse. One will be able to file a joint petition only if they are married on the date that they file the bankruptcy case. This will also allow them to pay only one filing fee, not two. Unmarried individuals, corporations, and partnerships are not able to file joint petitions. In addition, although married couples may file a joint petition, they are not required to do so.

Categories: Bankruptcy