how does bankruptcy work
during 2008 husband sold off assests to pay gambling debts, has a dui and is incurring legal debts is since unemployed and getting 1600 per month i earn 2200 per month and we have a total debt of 220 000 with no assests except for the house which is valued at less than what the morgage is ie 162 000 morgage mpac value 138 000 credit rating is excellent for now but have for the past month not been able to make any payments on the debt so falling into arreas can we file for bankruptcy and if so do we file seperate or together
Posted from: Ontario
Please use the links on this page to find a trustee in your area and send your question directly to them.
You may file jointly if all or substantially all of your debts are joint – meaning you both signed for the debt.