October 12th, 2008 by Questions

I live commonlaw. We are considering filing for bankruptcy. We were told this would be our best option, instead of a consumer proposal. My question is this. Do we both have to file seperate bankruptcies, or can we file a joint bankruptcy. We both have seperate bills, and joint ones too. It would be a lot less fees if we could file a joint bankruptcy. Thanks

Posted from: Ontario


One Response to “Ms.”

, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

The legislation reads that in order to file a joint bankruptcy or proposal the majority of debt must be joint and filing jointly as opposed to singly cannot be detrimental to the creditors . So the answer to your question will depend on how much debt you have singly and jointly. My recommendation is that you put a list like this together, visit with a local trustee and they will be able to tell you if you can file jointly or not.

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