personal loans from family

November 11th, 2010 by Questions

I have borrowed funds from my common law spouse. If I declare bancruptcy will she be allowed to write off these loans?

Posted from: Ontario


One Response to “personal loans from family”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

As part of a bankruptcy you are required to list all your creditors. Your common law spouse wouldn’t be afforded any special status in the ranking of your creditors and would legally be cleared along with your other creditors as a result of succesfully completing the bankruptcy

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