Is my spouse affected by my bankruptcy?

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Is my spouse affected by my bankruptcy?

Category: BANKRUPTCY FAQ

Your spouse will not be affected by your bankruptcy unless your spouse co-signed a debt or owns assets with you jointly. A creditor can go after your spouse for repayment and he/she will be responsible to continuing to make the payments.

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Posted by Brandon Smith
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By Brandon Smith

Brandon Smith is a licensed insolvency trustee and Senior Vice-President of Ira Smith Trustee & Receiver Inc. The firm deals with both individuals and companies facing financial challenges in restructuring, consumer proposals, proposals, receivership and bankruptcy.

They are known for not only their skills in dealing with practical solutions for individuals and companies facing financial challenges, but also for producing results for their clients with realistic choices for practical decision-making. The stress is removed and their clients feel back in control. They do get through their financial challenges and are able to start over, gaining back their former quality of life.

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