Filing for Bankruptcy can affect your spouse, particularly if you have joint debts or assets. While your spouse's income isn't directly included in a Bankruptcy, joint financial arrangements may be affected. It's essential to seek advice from a Licensed Insolvency Trustee to understand how Bankruptcy could impact your spouse's financial situation.

If your spouse chooses to file Bankruptcy, it will not affect your credit rating; however, applying for joint credit or loans after your spouse's Bankruptcy may be affected by their lower credit rating, potentially limiting your options for borrowing.

If you're concerned about your spouse's overspending and its impact on your financial well-being, there are proactive measures you can take. These may include counselling, establishing separate accounts, creating a budget to manage household finances effectively, and seeking legal advice to safeguard your assets. It's essential to address these concerns proactively to mitigate potential risks and protect your financial future.

If spousal overspending is causing financial strain, exploring legal options may be necessary to protect your interests. Legal separation, divorce , or establishing legal agreements such as prenuptial or postnuptial agreements could provide a framework for managing debts and assets.