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Recently separated

My common law husband and I have recently separated. How does this affect me should I choose to file for bankruptcy on my personal debts?

Posted from: Ontario

One Response to “Recently separated”

A licensed trustee said...

When you file for bankruptcy, your trustee will likely ask you for a copy of your separation agreement and some evidence that both parties obtained independent legal advice – in other words you shouldn’t just write something up yourselves on a blank piece of paper. The real question is whether or not you have really separated – this may sound incredible, but there are people that try and “fake” a separation to try and reduce the cost of bankruptcy or protect things they own. If you are caught in a “fake” separation things may go very, very bad for you…

Sorry about that, if you are really separating then that was the last thing you needed to hear…

Bankrptcy is not affected by your marital status – your payments are based on the total income of the people living in your household and the number of people in the household. My best advice is for you to contact a trustee near you so that you can discuss your situation and your options