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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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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will my father’s bankruptcy affect me

Hi .. if my dad fill bankruptcy and I live with him on the same address is that will affect my credit .thanks

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One Response to “will my father’s bankruptcy affect me”

A licensed trustee said...

Only if you jointly signed for some of your father’s debts. For instance, did you both sign a car loan or have copies of the same credit cards? If you did and your dad files for bankruptcy then you will be expected to repay those debts.

If you did not jointly sign any debts with your father then your credit should not be affected by his bankruptcy.