seperated but not divorced
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
One Response to “seperated but not divorced”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
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.