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Author:		anonymous
Date:		April 25, 1999
Question:		I am in a common-law relationship that is not going very well. I am contemplating dissolving the relationship. However, if this happened I would be unable to cope with the debts in my name. We own a house together (still lots owing), but other than that there are no other joint assets. I hold a full-time job which pays quite well. Without debts I could live comfortably. Would the house have to be sold? Could I declare bankruptcy prior to dissolving the relationship without affecting the personal finances of my common-law spouse?
From:		Shane Brenneis, Collins Barrow Limited
Date:		April 26, 1999
Answer:		You could file bankruptcy before dissolving the relationship. The only way it affects your spouse is if they have signed for any of the debt. This would affect them whether you are together or not. You are allowed to live in a home with equity of $40,00 or less in Alberta. If you move out or sell the property, there could then be complications. This would have to be discussed more in detail. If you have any further questions or want to come in for a free assessment, please call or email me. Shane Brenneis (403) 298-1575 sbrenneis@collinsbarrow.com