FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Marriage seperation and bankruptcy

I am planning on seperating from my husband. We currently have a mortgage together and over $40,000 owing in line of credit and credit cards, all in both of our names. I am currently unemployed and know I won`t be able to off any debt on my own. What happens I declare personal bankruptcy?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Marriage seperation and bankruptcy”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

This depends on a number of things. First there could be an issue with the equity in the house and this is comething you would have to discuss with a local trustee to determine for sure.

In terms of your joint debts, you would be released, but your husband would still be responsible for those.

Other than that there likely wouldn’t be much that would impact your husband, but you always need to review the details with a local trustee before we can know for sure.