| Author: |
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Todd |
| Date: |
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July 14 , 2002 |
| Question: |
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My legal divorce said my x-wife will pay half of the credit card dedt. She has now claimed bankruptcy. Do I have to pay the rest?
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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July 15, 2002 |
| Answer: |
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If your wife has claimed bankruptcy she is no longer liable to pay any debts in her name, regardless of any divorce agreement. You will now be liable for the full amount of any debts with your name on them. A divorce agreement does not remove your liability for debt, it merely specifies who should be paying it.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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