| Author: |
|
Anonymous |
| Date: |
|
November 26 , 2001 |
| Question: |
|
If my ex-wife and I have a loan together and we both filed for bankruptcy what would happen to the loan? Would we both still have to pay the loan because the loan is only one year old?
|
| |
|
|
 |
From: |
|
Ann Clarke, Collins Barrow Limited |
| Date: |
|
November 27, 2001 |
| Answer: |
|
If the loan is unsecured, meaning you haven't pledged any assets as
security for the loan, it should be discharged in a bankruptcy. The fact
that the loan is only one year old shouldn't make any difference,
although your Trustee can confirm that with you.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
|
|