Question Asked...
Situation is married couple, wife has student loans from before couple met. Wife has zero income besides child tax credit, she is now considering bankruptcy. Would the husband`s credit be effected and would he be required to make payments during bankruptcy on wife`s debt.
Posted from: Ontario
Your credit wouldn’t be affected by your wife filing bankruptcy unless you have signed on your wife’s debt. As for being responsible for the cost of your wife’s bankruptcy, her bankruptcy would cost a nominal amount each month and the money would have to come from somewhere. So naturally the cost would have to come out of household income. Otherwise you wife would not be cleared from her debts.