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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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Joint debt

Can anybody go after my Parents or Brother, or family.

Posted from: British Columbia

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One Response to “Joint debt”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

If your parents, brother or any other person has signed on any of your debt then the banks and other lenders will be able to go after the person who has signed should you not maintain your payments as originally contracted. This would happen both inside or outside a bankruptcy or consumer proposal. Once the person has signed they are bound. However, if no one has signed on anything then the bank won’t have the authority to pursue them.