Tag Archives: spouse and bankruptcy

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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Personal Bankruptcy vs Joint Bankruptcy. Which Should You Choose?

 01 Jun 2015

It is important to understand that if you file for personal bankruptcy it does not mean that your spouse has to declare bankruptcy as well. However if both spouses owe significant debts, either individually or together, it may be necessary for each spouse to consider bankruptcy as a way to…

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Bankruptcy Does Not Discharge Support Payments

 10 Feb 2014
bankruptcy and support payments | child support | alimony

Filing bankruptcy does not discharge your obligation to pay court ordered alimony, spousal or child support payments. This includes both arrears and on-going payments. Unlike other unsecured debts, arrears for court ordered child support or alimony are not discharged by either a bankruptcy or a consumer proposal in Canada.  The…

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How Does A Joint Bankruptcy Filing Work?

 11 Sep 2013
joint bankruptcy filing and spouse

One of the most common questions posted to the internet chat groups about filing for personal bankruptcy in Canada has to do with spouses and whether or not if one files for bankruptcy, do they both have to. The short answer is no, each spouse is free to decide what…

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