Can my house be affected by bankruptcy
If you had been under the US laws, BK filing will appear on the
If you had been under the US laws, BK filing will appear on the credit copies of both of you. Since you and your bf have your names on the property, if anyone files for bankruptcy, the info will appear on the other person's credit copy. His credit will also be affected because of your filing. Although the laws are quite similar in Canada, you should confirm it with a bankruptcy attorney in your area. Another member posted this link in a different thread. You'll find it helpful
bankruptcycanada.com/question1.htm
This was taken from the Bankruptcy Canada website: Your spous
This was taken from the Bankruptcy Canada website:
Your spouse, whether common law or married will not be affected by your bankruptcy if he or she is not responsible for any of your debt (did not sign an agreement or contract for any of your debt). If they have a supplemental credit card they are probably responsible for that debt. Your spouse's credit rating will not be affected by your bankruptcy and any assets in the spouse's name will not be part of the bankruptcy.
If your spouse is responsible for any of your debt or has his own debt then the spouse may have to file bankruptcy too.
Sorry - to add to my last posting I am not too positive on home
Sorry - to add to my last posting I am not too positive on home laws though but that is what I found.
Check out their link:
bankruptcycanada.com