Will my Money be taking away?
October 13th, 2006 by Questions
My Fiancee is going through a divorce and has approx $290,000.00 in debt jointly with his soon to be ex wife, I am my self have excellent credit and quite a bit of money, he has 3 kids & is currently paying child support, he pays nothing living with me, but his soon to be ex wife wants him to pay 1/2 the debt & 1/2 the mortgage, we live in Alberta & I’m concerned that the creditors and or soon to be ex wife will come after me for the money that he owes.
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October 14, 2006 at 5:55 pm, Barton Goth, GCO Inc. Bankruptcy Trustees said:
As long as you havenâ€™t been listed on the court documents and are in no way party to the marital dispute, I am not aware of any way the creditors could demand you to make payments on your fiancÃ©eâ€™s / spouseâ€™s behalf. However, you would be wise to confirm this with your fiancÃ©eâ€™s divorce attorney as I am not familiar with the finer parts of divorce legislation so there may be some obscure clause that I have never run across.
However, I would recommend you keep your money in a separate bank account, don’t add your fiancÃ©e name to that account, or to any property that you may own prior to having been involved with your fiancÃ©e,