2025-10-13
Managing debt through divorce: What to consider
Debt Solutions Lifestyle Debt
When relationships end, shared debt can become a lasting burden. Here’s what to know about your responsibilities, risks, and financial options.
Bankrupty Of Ex Spouse
2010-04-15
A creditor generally has the right to come after a co-signer if the creditor has not been paid. This is the case even if you paid your share to your ex-husband but he did not forward those funds to the creditor.I would suggest you call the creditor and advise of the situation and hopefully they will settle the debt on compassionate grounds. If they are not willing to settle the debt on satisfactory terms, you may wish to consider filing a consumer proposal or an assignment in bankruptcy. Please call one of offices to discuss your alternatives and their respective advantages and disadvantages. Marvin Zweig MNP Richmond Hill Direct Line 289.695.4388
Latest Blog Posts
2025-10-06
Ontarians face ‘heat or eat’ decisions as financial strain deepens
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
Report: Saskatchewan and Manitoba residents’ financial cushion shrinks as more edge closer to insolvency
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
