Bankruptcy Question & Answer Forum - Canada

Author:		NS
Date:		May 14, 2005
Question:		My spouse is considering bankruptcy due to a debt incurred by him and his previous partner. I am not a party to that debt. Can any restrictions or obligations be placed on my financial affairs by the trustee?
From:		Ann Clarke, Alger & Associates Inc.
Date:		May 17, 2005
Answer:		If you have nothing to do with the debts and have no joint assets, your husband's bankruptcy does not need to affect you. Ann Clarke phone: (403) 296-2972 aclarke@alger.ca