If you file for bankruptcy, it will not go on your spouse’s credit report or affect their credit rating. However, if you have co-signed any loan agreements with your spouse—or anyone else, for that matter—that person will then assume full responsibility for repaying the loan if you file for bankruptcy. In these circumstances, it is best for you and your co-signor to seek the help of a Licensed Insolvency Trustee at the same time, to make sure both of your needs are addressed.