Bankruptcy Question & Answer Forum - Canada

Author:		Anonymous
Date:		Dec 13, 2007
Question:		My husband and I are separated, I am thinking of going bankrupt, my name is on our 5th wheel that we bought last year and my husband is living out of the 5th wheel at an rv park, will me going bankrupt make him lose the trailer, thank you
From:		Alger & Associates Inc.
Date:		Dec 17, 2007
Answer:		Is there any equity in the mobile home? If so, it would be considered as a non-exempt asset in your bankruptcy, in which case, your ex-husband may be able to make arrangements with the Trustee to repurchase your interest from the estate. If there is no equity in the mobile home, this would be a non-issue. Also, is the mobile home part of any formal separation agreement? Please contact our office to discuss your situation and options in greater detail. Vanessa Grant phone: (403) 296-2977 vgrant@alger.ca