Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Thank you for your question. I am happy to assist you.
Your husband's filing should not impact your credit since he is not including any joint debts. In fact, it may actually assist you in your goal of purchasing a new home.
Here is why.
Right now your husband has a lot of unsecured debt that he is required to pay. After the Ch 7 is completed, he may no longer be obligated to pay that debt. This means that he may have more available income to pay a mortgage. Additionally, he will not be able to file for bankruptcy again for 8 years.
The low debt and inability to file for bankruptcy may be looked upon more favorably by a lender then the current situation of high debt and ability to file a bankruptcy.
I hope that the information which I provided was helpful to you.
Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.
THIS IS FOR INFORMATION ONLY. NO ATTORNEY-CLIENT RELATIONSHIP EXISTS. PLEASE CONSULT A LAWYER IN YOUR STATE FOR LEGAL ADVICE