August 25th, 2013 by Questions
i am filing bankrupsy but I am not sure how I go about it as I am legally seoerated but not divorced.. can I assume all the debt or do we have to do it together
Posted from: Nova Scotia
August 25, 2013 at 10:55 pm, A licensed trustee said:
Your marital status makes no difference to the bankruptcy or to who is legally responsible to repay the debt. If both you and your spouse signed for a loan or other credit then you are both responsible to repay the debt. The only people that can release either of you from the debt(s) is/are the lenders. You can “assume all of the debt in a divorce”, but it is meaningless as far as the lenders are concerned – they may still collect from whomever signed for the debt.
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