Bankruptcy Question & Answer Forum - Canada

Author:		Marie
Date:		September 8, 2005
Question:		My husband wants to file bankruptcy but I do not agree, we will divorce in a few months but still he is thinking to file it. My question is do I have to sign with him if we are not divorce yet?
From:		Bruce, Alger & Associates Inc.
Date:		September 12, 2005
Answer:		No, you do not have to file bankruptcy just because your spouse has. However, there may be debts for which you are also liable that might now become you sole responsibility. Frequently this added financial pressure forces the second spouse to consider some sort of financial restructuring of either a formal or informal nature. Bruce Alger phone: (403) 296-2970 balger@alger.ca