Ex filing bankruptcy, leaving me with the bill
August 27th, 2009 by Questions
I have been separated for 8 months, no signed agreementt but we are almost there. We divided the debt and I could not pay all of mine so I borrowed $29,000 from my parents to pay my part. Now I, owe them, a $5000 credit line, $1300 mastercard and my car. I found out now that he is filing for bankrupcy and I will be on the hook for an additional $45,000 in joint debt that he will be leaving me to clean up. I do not want to file bankruptcy. If I do a consumer proposal what about my parents? I have a mastercard with a $500 limit that has a $0 balance. Will I lose this card? Also, I have a small business (sole) I have 2 cards in my name that are for the business totalling $5000. would this have to be included in a consumer proposal or keep it separate because its a business?
Posted from: Ontario