I went through bankrutcy in 82. I just retired, no pensions yet,(jan 04 start) 3 credit cards $20K, $26K CIBC loan (wife & I joint, she's lead), $50K on returned eqipment that I leased and returned as I couldn't keep up payments, $2500 to Revenue Canada, am 2 payments behind on wife's car to HSBC, have $35K equity in our house, I ran up $18K on wifes credit card(I'm not named on it) and I owe my bookkeeper $1400. I am not working, 64.5 years of age, no other assets other than my pickup valued at about $5000 invested (sale value slightly higher). Am I able to declare bankruptcy without affecting my wife's job and income?

Your wife should not be affected by your bankruptcy. She will, however, still be liable for any debts in her name.

Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca