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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Common-Law

If I am living common-law and we do not have any joint accounts, etc. will my common-law partner lose his/her assets if I declare bankruptcy?

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One Response to “Common-Law”

A licensed trustee said...

No, they will not (even if your were married instead of common-law they will not).

Your spouse will only be affected in so far that all of the household’s income will have to be declared and it may impact your monthly payment. Otherwise, spouses are not directly involved in bankruptcy (unless they file themselves).