Frequently Asked Questions
- Is My Spouse Affected?
-
<p>Generally a spouse is not affected by your decision to file for Bankruptcy or a Proposal to Creditors.</p>
<p>Your spouse's credit rating should not reflect your actions.</p>
<p>A spouse will however become responsible for any debt which you have jointly agreed to such as joint loans and credit cards you have on the same account.</p>
<p>If your spouse's co-signed debts are significant it may be necessary for them to also take steps to protect themselves.</p>
DISCLAIMER
All of the information on this website is provided as general information to those seeking general answers to their questions.
This information should not be construed as professional advice.
Every insolvency situation is different and the outcome of each will very depending on its unique circumstances.
Do not rely on this information, or take any steps which are based upon this information without first seeking professional advice.
To obtain specific professional advice a questionnaire must be completed and a personal evaluation conducted by our Trustee.