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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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if you are married

if you are married do you both have to claim bankrupcy or can only on person claim

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2 Responses to “if you are married”

A licensed trustee said...

Only one person may claim, but be careful. Many couples “jointly” sign their credit cards and other debts. If a debt is joint it means that both people that signed are responsible to repay the debt. If one files bankrupcty the other person will still be required to make payments.

I suggest that you both attend at a trustees office to discuss how the process works and to make certain there won’t be any surprises for the person that isn’t going to sign.

To find a trustee in your area please use the links to the side of the page.

A licensed trustee said...

I suggest that you both attend at a trustees office to discuss how the process works and to make certain there won’t be any surprises for the person that isn’t going to sign.

To find a trustee in your area please use the links to the side of the page.