Question: Can I go bankrupt without affecting my husband? I have many thousands of dollars on credit cards. One of my cards is about $21,000 no interest. Another credit card at $8,000.00, and one I share with my mother at $8,000.00. I am laid off and finished with EI. No income. I have and old car. Our house is in my husbands name because of my credit and I don’t own anything or have any investments.
Thank You,
Desperate to be free again.
Answer: Yes, if the debts are in your name, your bankruptcy will only impact on your credit. Here is an article that explains in more detail how a bankruptcy in Ontario will effect your spouse.