Bankruptcy Confusion

December 29th, 2010 by Questions

Hi, I am considering filing for Bankruptcy but am not sure how this will affect my live in boyfriend. We have been living together for approximately 4 years and have no assets \’together\’.We also have been filing our taxes as \’single\’. Will my bankruptcy affect his financial status or assets?

Posted from: Newfoundland and Labrador


One Response to “Bankruptcy Confusion”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

There will be no direct impact on your boyfriend if you file for bankruptcy. Now his presence will indirectly impact the formula that is used to determine the cost of a bankruptcy, but only marginally. Other than that your debts and your relationship are separate. The only time he would be impacted is if you had either joint debts or joint assets, which you don’t.

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.)