Joint Bankruptcy For Separating Spouses

2009-10-22   minute read

 Bankruptcy laws in Canada allow two individuals to file a joint assignment in bankruptcy if the debts of those individuals are substantially the same and the trustee is of the opinion that a joint filing is in the best interests of the debtors and creditors. A joint filing is only possible, however, if your assets are under a certain threshold. If it makes sense for you and your husband to make a joint assignment in bankruptcy (because you meet the foregoing conditions) and one of you does not fulfill your duties and obligations, it will not affect the other individual’s eligibility for a discharge. Should you wish to discuss your situation in more detail, please feel to contact me directly, or another member of the MNP team. Regards, Lana Gilbertson, Trustee MNP Vancouver 604 637 1599

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