If your spouse declares bankruptcy

“My husband is an entrepreneur with a very unsteady income. Most of our big expenses, like the family car, we have financed jointly. (Meaning I paid for them.) Now he has had a run of 'bad luck.' (Meaning botched business schemes.) He’s considering declaring bankruptcy so he can get a 'fresh start.' (Meaning my retirement plans just went down the drain.) Things feel out of control.”

– Jennifer, North Vancouver, BC

Your spouse is in hot water with their creditors. They've got a ton of credit card debt. They’ve maxed out their personal line of credit. They're late with their car loan payments. Now, they're talking about filing for personal bankruptcy. You’re wondering: “Am I responsible for paying their debts?” Learn what you need to know if your spouse declares bankruptcy.

What you should know

More on declaring bankruptcy

We explain what to expect when declaring bankruptcy.

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in June 2018
  • Time to read: 7 minutes

Reviewed for legal accuracy by

Katherine Wellburn

Katherine Wellburn

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