Author Archives: Rebecca Martyn, Licensed Insolvency Trustee

About Rebecca Martyn, Licensed Insolvency Trustee

Rebecca Martyn is a Licensed Insolvency Trustee in Canada. She works at Hoyes, Michalos & Associates Inc.

What Happens To Your Debt If Your Spouse Files Insolvency?

 05 Sep 2016

It is a misconception that when you’re married, you’re responsible for your spouse’s debt. Whether or not creditors will pursue you depends on who actually owes the debt. Debt in Your Spouse’s Name While you might feel a moral responsibility to help with your spouse’s debt, legally it belongs to…

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Gifts During Bankruptcy. How Are They Treated?

 01 Aug 2016

Part of the process of filing bankruptcy in Canada requires that the licensed insolvency trustee of the bankruptcy estate seize any non-exempt assets, sell them, and distribute those proceeds fairly to the creditors.  This would include any asset owned as of the date of bankruptcy and any assets received after the date of filing for bankruptcy….

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