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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”

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.