FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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COMMON-LAW

FILING INCOME TAX TOGETHER . HOW WILL THAT AFFECT THINGS IF & WHEN MY SPOUCE FILES BANKRUPSY.

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One Response to “COMMON-LAW”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

If you are living Common-Law and normally file as living common-law there will be no real change on your taxes if you spouse files bankruptcy. The only thing to consider is where you report your spouses net income, you will have to add together the amounts from your spouses 2 tax returns in order to obtain the necessary figures. This is because during the year of bankruptcy there are 2 tax returns that must be completed, one from January 1st to the date of bankruptcy, and the second from the date of bankruptcy to December 31st.