Today 07/30/2010
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Bankruptcy Ontario: Free Information about Bankruptcy in Ontario

Bankruptcy and spouse’s House

Question: My wife owns a condo in her name and mortgage in her name. I got married about 2 months ago and heard this is now considered a matrimonial home. I have recently been discharged from bankruptcy. If my wife sells her condo now can they come after me or her for the equity in her house since i now live there? I heard i need to sign the sale paper of her condo even though she owns it since we are now married? i dont want to cause any problems for her or myself.

Answer: You don’t have to worry. It’s your wife’s house, and always has been. It has nothing to do with you or your bankruptcy. They can’t come after you for money now that you have been discharged.

It is true that the house is now considered to be a matrimonial home, which means as the spouse you are required to sign off on the sale. However, it is still legally your wife’s house, and has no impact on your bankruptcy. For further information, contact your bankruptcy trustee, or a real estate lawyer.

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