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How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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How will my bankruptcy affect my new wife’s credit.

My wife and I would like to purchase a house. I have claim bankruptcy twice before I met her. She has excellent credit. Can my bankruptcy affect her credit or her/our ability to obtain a mortgage? We both make good money, her more that I. Can I still use my income in addition to hers to obtain a mortgage? If so, how will my bad credit history affect this? Is it better for her to obtain the mortgage on her own?

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One Response to “How will my bankruptcy affect my new wife’s credit.”

Barton Goth GCO Bankruptcy Trustees said...

If you use your income in the application then likely your credit history will also be reviewed, so I would think it is better to jsut use her income when making the application.

Having said that, this is not my area of expertise, you would be far better to contact a representative of your bank or a mortgage broker, explain the situation and follow their advise as they would be much more familiar with the requirements to qualify than I.