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Author:		Jane
Date:		February 18, 1999
Question:		If my husband's company declares bankruptcy, how will that affect our personal finances and home if I hold a job and have been making the mortgage payments? Also what about the credit cards that are in joint names?
From:		Shane Brenneis
Date:		February 23, 1999
Answer:		Your husband's company is a separate legal entity. The only way your personal finances are affected is if you or your husband signed personal garantees or if either of you are directors of the company and the company owes either Revenue Canada money for GST or source deductions or if employees are owed wages. If this is the case then you are personally responsible and the situation gets complicated. I would request that you call me to obtain further information and possibly set up a free consultation. Shane Brenneis (403) 298-1575