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

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Bankrupcty affect common-law spouse?

I declared bankruptcy in Feb. of this year and will not be discharged until approximately November 2012 as this is my second bankruptcy. I have a new common-law relationship. I’m nervous about informing my trustee of my new address and relationship because I’m worried they may ask for her financial information to report along with mine. Should I be concerned about this?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Bankrupcty affect common-law spouse?”

A licensed trustee said...

You are required by law to keep your trustee apprised of your income, address and household size during your bankruptcy. If you don’t and your trustee finds out they may oppose your discharge and allow a Court to decide whether or not you should be entitled to a second discharge. I wouldn’t chance it, if it were me…

Your spouse has the right to refuse to disclose their income, BUT if they don’t your trustee will cut the government surplus threshold in half. For example, the trheshold for a 2 person household is $2398. If your psouse refuses to disclose then you are only allowed $1199. You do the math.