June 28th, 2005 by Questions
My husband and I separated early last year. We have not yet come to terms over our separation agreement therefore the separation of our debts have not been settled. My husband declared bankruptcy last month leaving me responsible on joint debts of close to $40,000. I have already seen a trustee and although I was considering a proposal, I was laid off from my job last week and will not have a choice but to declare bankruptcy myself.
Two days ago, my 1991 car died and the repairs are too expensive and not worth it at this point. I have not signed bankruptcy papers yet. If I lease a car, will the lease be affected by the bankruptcy? When I filled out the application with the trustee, I obviously only mentioned my 1991 car which has a value of approx. $500-$1000. Should I advise my trustee of what happened with the car and should I tell him about my intention to lease a car?
I reside in Ontario. Thank you.