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

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House

I am unemployed and have credit card debt. The debt is in my name not my spouses. She has been able to carry everything but these cards. If I go bankrupt and she doesn’t what happens to the house. There is some equity in it.

Posted from: Ontario

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One Response to “House”

A licensed trustee said...

Whether or not the house willm be impacted depends on who owns the house. If you own it jointly with yoru spouse and you file for bankruptcy then any equity in the house will have to be dealt with – at least your share of the equity anyway.

Before you ask, no you can’t simply “give your share of the house” to your spouse. That will get you into tropuble and drga her into your bankruptcy, if you file.