July 13th, 2011 by Questions
Does my wife have to declare bancruptcy with me when all debts are my own?
Posted from: Saskatchewan
July 13, 2011 at 12:26 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
If all your debts are in your name and your husband hasn’t signed on any of these loans or credit cards, then there will be no need for him to file for bankruptcy. The only time a bankruptcy would be necessary for the both of you is if your wife was associated with the debts.
The only thing I suggest you are catious of is with supplementary credit cards. If your wife has signed on the back of any supplementary credit cards you might want to review the original credit card application you signed, by signing the back of the card they may become partially liable for a portion of that account.
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