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COMMON LAW PARTNER

IF I AM TO DECLARE A PERSONAL BANKRUPTCY, WILL MY COMMON LAW PARTNER BE AFFECTED?

One Response to “COMMON LAW PARTNER”

A licensed trustee said...

Possibly – it will depend on whether or not your spouse co-signed or co-borrowed any of your debts. If they did and you file bankruptcy (or a proposal) then your spouse will be held responsible for the debt. If they have not co-signed any of your debts then they should not be directly affected.