| Author: |
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Sandra |
| Date: |
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November 15, 2002 |
| Question: |
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I am engaged to be married in 9 months to a man who has nearly 20 k in debt. We have been bouncing credit card balances from one to the other, but still can't keep up. We even settled some of the debt for 70% by extending an existing consolidation loan. I have no credit whatsoever. I have never had a credit card. If he declares bankrupcy before the wedding, how will it affect me once I am his wife? Will we be able to buy a home?
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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November 18, 2002 |
| Answer: |
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In Canada, getting married doesn't make you liable for your spouse's debt and his bankruptcy will not affect your credit. If you are able to qualify for a mortgage, buying a house shouldn't be a problem for you.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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