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

"*" indicates required fields

Name*

Phone Number*

Email*

Hidden

What's the best time to contact you?*

Location*

What city do you live in?*

Hidden

Source

How can we help you?

Comments

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

Select Trustee By Province

bankruptcy

can i declare bankruptcy if im a co signer on a morgate and a line of credit and if so what happens to my spouse we are seprated he has the house

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “bankruptcy”

Barton Goth GCO Bankruptcy Trustees said...

The line of credit is the easy part, if you file for bankruptcy you are essentially removed from this line of credit and the cosigner will be responsible to see the full balance paid.

The house is a bit different and you will need to contact a local trustee. With real property things get a little more complicated and things like who is on title, who is living in the house, what is the provincial exemption allowable, how much equity in the house become can have a significant impact on what will play out.