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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Buisness Bankruptcy

My husband owns his own business and is claiming bankruptcy. Will this affet the loans I have, eg. car loan, he is my co-signer. What amount will we pay the creditors, will it be based on our total income?

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One Response to “Buisness Bankruptcy”

Barton Goth GCO Bankruptcy Trustees said...

If your husband is a cosigner, likely the only thing that will take place is that he will technically be cleared from that debt.

However, his bankruptcy will not release you from the debt so you will have to continue to to make payments in full as originally contracted on the loans you are attached to.