Spouse`s Involvment

October 22nd, 2008 by Questions

It was my husband`s business that went bankrupt. The trustee wants me to declare my income. Why is that necessary? It was my husband`s business not mine and I do not understand why the `trustees` want my information. What do you suggest?

Posted from: British Columbia


One Response to “Spouse`s Involvment”

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

It is necessary because it is required by federal legislation (The Bankruptcy and Insolvency Act) and failure to comply with the requirement could result in the refusual of your husband’s discharge. I suggest you disclose this information as providing it doesn’t mean your implicated or involved with the bankruptcy in any way and it will make the process easier on your husband.

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