Would my common law be affected
April 17th, 2009 by Questions
After filing bankruptcy, I will be declaring that i am living in my house and my common law partner is sharing $1000 as a rent, would she be affected in any ways or could creditors come and ask me pay from her income>? thanks, Raz (Calgary, AB)
Posted from: Alberta
One Response to “Would my common law be affected”
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April 18, 2009 at 9:17 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
As long as your common law has not signed on any of your debts there really wouldn’t be any impact on your common law if you filed for bankruptcy and she definately wouldn’t be responsible for any of her debts.
However, when calculating the cost of a bankruptcy it is based on your percent of the household income, so her income is involved in determining the cost.