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Question:

 

If I declare bankruptcy, will this effect my husband in any way? Our names are both on our mortgage and our line of credit. Will our house be effected?



From:

 


Grant Thornton Limited

Date:

 

Aug 02, 2017

Answer:

 

Hello Natasha, thank you for your question.If your husband is a joint owner of your unsecured debt, it would be his responsibility to pay that debt even if you were to file a bankruptcy. Concerning your home, in most cases, if you can afford to maintain your mortgage payments your home would be unaffected by a filing.If you would like to discuss this in more detail, we would be happy to review your situation so we may advise on what options are available to you. This conversation does not obligate you to file and would be completely confidential. Consultations can be booked through our toll free number of 310-6060 - Kaitlin

Grant Thornton Limited
T 310-6060
askanexpert@ca.gt.com

 

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