Will my family members be required to help me repay my debt?
I am in a huge amount of debt and I know that I need to file for a bankruptcy but I am afraid to file for one because I am afraid that once I am declared a bankrupt, my family members such as my spouse and my children would be required by court to help me in paying my debts. would my famiy members be required to help me repay my debts and if so how do I keep that from happening?
You don't have to worry about your family being required to help you pay off your debts. Your family will only be liable for your debts if they are co-owners of the debt with you. For example: you took out a home mortgage in both you and your spouse's names. Family members who are guarantors for your loan can also be made bankrupt if they are unable to repay it.