If you are considering divorce and carrying a lot of debt, it's important to be strategic with your finances. This post explains what happens to your marital assets, joint debts, and whether you should file an individual or joint bankruptcy or proposal before or after a divorce filing.
Trying to figure out if a joint loan is your best option? Learn here, about the pros and cons of having a joint consolidation loan with your partner and debts that may be a bad idea to consolidate.
Do you own a joint asset with an individual who is declaring bankruptcy? Find out the impact that bankruptcy has on jointly owned homes, vehicles, and bank accounts, and what you can do.
Wondering if a bankruptcy will have an impact on your partner or not? Find out IF a spouse would be affected by your personal bankruptcy, and how you can deal with debts in divorce.
Are you going through a divorce and struggling with debt? Our Bankruptcy and Divorce Canada fact sheet explains everything you need to know from dividing debt to what happens if your ex-spouse files insolvency.
If both you and your partner struggle with common debt you are both liable for, we explain when it's possible to file one consumer proposal jointly and how this can save you money.
What makes a debt a joint debt? What are the implications of cosigning a loan with your spouse. Doug Hoyes reviews when you are responsible for your spouse's debts and what happens if they file insolvency.
Do you have a baby on the way? Are you stressed about finances? Find out our tips expecting parents can use to help deal with debt, manage money efficiently and prepare for a successful maternity leave.
Does having a current or past bankruptcy affect your ability to sponsor someone immigrating to Canada? Find out if and when you are able to be a sponsor during insolvency and alternative options you may have.
When you get married, are you liable for your spouse's debts? What happens to your debts, your spouse's debts and when are debts joint debts.
At Hoyes Michalos, we are committed to having a voice and lobbying for Ontario debtors when it comes to injustices in the bankruptcy system. Here’s what we’re doing regarding divorce and bankruptcy.
A separation or divorce cannot change who is responsible for joint credit card debt. See why your credit card agreement trumps your divorce agreement.
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