No Longer Together, But Living Together
January 30th, 2009 by Questions
I have been told that my debts are just too high and that Bankruptcy would be the best way to move forward. The issue is that I bought a house with my Common Law Wife six months ago and we broke up three months later. We are both on the mortgage and she has quite a high debt load, so I have been covering all the housing expenses, insurance etc. Neither of us can afford to get on with our lives and most of the possessions in the house are hers. What happens if I go bankrupt? Is her earnings taken into account even though I pay everything? Will the trustee repossess her things in the house like jewelry and furniture? We both just want to get on with our lives, but the bankruptcy won`t solve anything on my end if she is taken into account at all. Need advice.
Posted from: Ontario