Question: My wife is the sole owner of the home we lived in before we separated. I am separated with my wife for 4 months but not yet divorced. If I file for bankruptcy now, will my wife be affected? Will creditors be able to do anything with her home?
Answer: The simple answer is no. If you go bankrupt, your ex-wife’s home is not affected, because she owns it.
However, this is an issue that you should discussed with an Ontario bankruptcy trustee before you decide to file, as there are other factors to consider, such as whether or not your ex-wife co-signed for any of your debts, and whether or not you ever had an ownership interest in the home.