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Will My Spouse Or My Family Be Responsible For My Debts If I File For Bankruptcy?

Will my spouse or my family be responsible for my debts if I file for bankruptcy?

No. A person’s debts are the responsibility of the individual.

The only way a spouse of family member can be responsible for your debts is if he or she co-signed for those loans. In the event that you file for bankruptcy or do a proposal the co-signer becomes responsible for the full amount of the loan outstanding

 


 

 

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Will My Spouse Be Affected If I File For Bankruptcy?

 

 

Thank you and the staff of A. Farber & Partners for their outstanding service in helping my wife and I turn our lives around. We couldn’t have done it without your help. We know we picked the right people to help us

Regards,
Don (Etobicoke)

 

 


 Will my spouse or my family be responsible for my debts if I file for bankruptcy?


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