Today 02/12/2012
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Wife’s House & Bankrupty

Question: My wife has a house\Mortgage in her name.
I have my debt only in my name, if declare bankruptcy in Ontario can my wife lose the house/mortgage?

Answer: No, if the house and mortgage are in your wife’s name, and have always been in her name, and if you have not co-signed, than your bankruptcy does not directly impact on her relationship with her bank.

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