Comments on: Declaring bankruptcy for business http://www.bankruptcy-canada.ca/bankruptcy/2008/10/declaring-bankruptcy-for-business.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/bankruptcy/2008/10/declaring-bankruptcy-for-business.html#comment-58192 Ted Michalos, CA trustee Wed, 01 Oct 2008 11:28:09 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2008/10/declaring-bankruptcy-for-business.html#comment-58192 I think you need to use the links on this page to find a trustee in your area and give them a call. The short answer to your question is that bankrutpcy may be an option to sort things out for you, but you should consider all of your options with a professional before you decide what to do. If you do decide to file for bankruptcy and your spouse has co-signed or guaranteed any of your debts then she will likely be held responsible for those debts - if she's available then I suggest you take her with you when you go and see a trustee. I think you need to use the links on this page to find a trustee in your area and give them a call. The short answer to your question is that bankrutpcy may be an option to sort things out for you, but you should consider all of your options with a professional before you decide what to do.

If you do decide to file for bankruptcy and your spouse has co-signed or guaranteed any of your debts then she will likely be held responsible for those debts – if she’s available then I suggest you take her with you when you go and see a trustee.

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