August 30th, 2010 by Questions
I am unable to pay my creditors as I owe more than 50000 $,and thinking for filing bankruptcy,is that going to effect my wife who is running her own private business and I am no part of it
Posted from: Ontario
One Response to “mr.kumar”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
August 31, 2010 at 7:09 am, A licensed trustee said:
You wife may be affected if she co-signed or guaranteed any of your debts. If she did then she will be expected to repay those debts. Further, the cost to file bankruptcy depends on the number of people living in your household and the total household income – in other words the money your wife is making may have an impact on how much the bankruptcy will cost.