What is the best way to protect my assets

March 20th, 2009 by Questions

I am consdiering living common law with my partner. He had declared bankruptcy and was discharged in MB in June/04. If he has any debt owing since that date (including backlog on utilities, etc.), do I become legally responsible once we are common law? What is the best way to protect my assets?

Posted from: Manitoba

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One Response to “What is the best way to protect my assets”



, A licensed trustee said:

First, you do not become legally responsible for your spouses debts whether you are common-law or get married. You are only repsonsible for debts that are in your name.

You need to speak to a family lawyer in Manitoba regarding yuor assets – in Ontario assets are not shared in a common-law relationship *what’s your remains yours, what’s their’s remains theirs. I expect it is the same in Manitoba, but I’d ask a lawyer to be sure…

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