divorce debt

How Does Divorce Affect Bankruptcy?

If you separating from a spouse, you will now possibly be on your own for bill payments.   Try to cut back on spending, as you may now be down to one income (if your spouse was contributing)
Open a new bank account that you can control.

However, if you share two names on accounts, bills and credit cards, you are BOTH responsible for these even if you are separated.

About Author

Scott Marshall BBA, C.I.R.P, L.I.T

Scott is serving as Vice President and managing partner of Allan Marshall & Associates Inc. since obtaining his License as a Trustee (LIT) in 2003. Scott graduated with a Bachelor of Business Administration (BBA) from the University of New Brunswick and is an active member of the New Brunswick business community. In past years, Scott has been a valued member of the Wallace McCain institute.