March 7th, 2013 by Questions
What happens if I declare bankruptcy and my common-law spouse receives an inheritance? Does my common-law spouse have to hand that money over to the trustee?
Posted from: Ontario
March 07, 2013 at 8:58 am, A licensed trustee said:
Unless your spouse has also filed for bankruptcy, they are not required to disclose or surrender any of their assets. If you inherit money it will be surrendered to your trustee for the beenfit of your creditors, but your spouse should not be involved.
Log in to Reply
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.)
You must be logged in to post a comment.