In Toronto Are My Spouse’s Assets Affected By My Bankruptcy?

Posted on: April 27, 2018

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In Toronto Are My Spouse's Assets Affected By My Bankruptcy?

In this video, Richard Killen, a Bankruptcy Trustee in Toronto talks about, the effect of your bankruptcy or your wife or husband’s assets.

I am often asked is “Are my wife’s or husband’s assets be affected in any way?”

Generally speaking, the way bankruptcy works, the answer is no. Your bankruptcy will not affect your spouse.  If an asset is not commonly owned or jointly owned by both you and your spouse, then their assets are not affected.

Watch The video for more information.

If you are having debt problems and considering bankruptcy or a consumer proposal, you should definitely visit a licensed bankruptcy trustee in Toronto so that you will be provided advice about your options to consider for debt relief.

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    About Richard Killen & Associates

    Since 1992, Richard Killen & Associates, a Licensed Insolvency Trustee, have helped thousands of people resolve their financial problems. With 25 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.

    Serving the GTA for 25 years