January 16th, 2013 by Questions
My question is – I do owe about $65.000 all together to different credit cards, I do have 25% share in a business which is located in BC, with my ex, who won’t buy me out, so I could clear my debt. Unfortunately there is nothing I can do to make him buy me out. What would happen to that business if I file for bankruptcy? It’s a motel and restaurant, and we also own the land, the numbered company does, where I am a 25% shareholder. Would he have to sell the place, or the creditors would take over my share?
Posted from: Alberta