Bankruptcy and jointly owned house

April 9th, 2013 by Questions

Hi,
I am divorced but my wife refuses to attend a settlement conference. I’m deep in debt because of the legal expenses. If I declare bankruptcy, can my creditors recover the money owed to them from the house I jointly own with my ex-wife?

Posted from: Alberta

Questions

One Response to “Bankruptcy and jointly owned house”


April 09, 2013 at 1:11 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Potentially your creditors could recover the debt from the equity in the house, but it really depends on where the divorce proceedings are at. What I would recommend is that you contact a local trustee like myself and review the specifics of the situation directly. This is really the only way to know for sure what you can expect.

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