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Common-Law Situation

If I am living common-law with my girlfriend. The house we live in is in her name only, and I have to declare bankruptcy, will this affect her and her home?

Posted from: Ontario

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One Response to “Common-Law Situation”

A licensed trustee said...

As long as your name has not been on the house previously then it should not be affected. Your common-law spouse will be expected to disclose their income every month and your bankruptcy payments will be based, in part, on her income (they are actually based on the total household income). Otherwise, your common-law spouse will not be involved in the procedure.