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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TWO ON A LOAN

HI, HERE GOES! MY HUSBAND AND I DID RESIDE IN ONTARIO BUT HE LEFT THE BABY AND I AND MOVED TO BRITISH COLUMBIA. I HAVE THE BANK CALLING ME AND SAYING THAT I NOW OWE FOR EVERYTHING AS MY HUSBAND HAS JUST FILED FOR BANKRUPCY IN BRITISH COLUMBIA. THE OWNERSHIP OF THE JEEP IS IN HIS NAME BUT THE LOAN IS IN BOTH OUR NAMES. WHAT HAPPENS NOW TO ME. WILL I HAVE TO PAY EVERYTHING ON MY OWN NOW. I ONLY WORK 15 TO 20 HOURS A WEEK AND I AM SUPPORTING OUR DAUGHTER AS HE HAS NVER BOTHERED SINCE HE LEFT 7 MONTHS AGO. WE HAVE HAD NO CONTACT SINCE.
THANK YOU FOR ANY INFORMATION YOU CAN GIVE ME. ALSO IS BRITISH COLUMBIA BANKRUPCY LAWS DIFFERENT THAN ONTARIO
APRIL MACDONALD

Posted from: Ontario

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One Response to “TWO ON A LOAN”

A licensed trustee said...

First, bankruptcy laws in Canada are federal which means they are the same no mater where you live in the country. There are some regional differences in how things are handled, but the underlying law is the same.

If you co-signed any of your ex’s debts (like the jeep loan) and he has filed for bankruptcy then the creditors have a right to pursue you for the whole debt. Unfortunately, we see this all the time – one spouse files bankruptcy without warning/discussing it with their ex. Suddenly the ex is on the hook for all the joint debts.

I think you should speak directly to a trustee in your area to see if you can avoid filing for bankruptcy yourself.