FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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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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student loan

My wife has a student loan and she is thinking of filing for bankruptcy. We presently own a home which is under both our names. How does this effect us? I have not co-signed her loan.

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One Response to “student loan”

A licensed trustee said...

If you wife files for bankruptcy then her hsare of the equity in your home will have to be paid into her bankruptcy – before you go too far down this path you should use the links to find a trustee in your area and give them a call to discuss your options.

Before you ask, no, you cannot simply transfer the house into your name alone – unless you pay yur wife for her fair share of the equity a Court will simply reverse the transfer if she files for bankruptcy.

Sorry – call a trustee for a detailed review of your options.