FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

joint debt and bankruptcy

Me and my husband have joint debt…currently separated and he decided it would be beneficial if just one filed to give each other a fresh start…he cannot get any of the debt in just his name so he cant file alone…does this mean we both have to file?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “joint debt and bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

If you and your husband are listed jointly on the majority of your debt, there would be very little benefit to one of you filing a bankruptcy as the other party would still be fully responsible for the debt. The only way around this is if you are able to get the bank to remove one of the names off the debt prior to filing bankruptcy, but as you can guess it is very unusual for a bank to take a name off joint debt as then they are in a more risky position.