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Joint Debt in Divorce

Sharing is a major part of marriage. Sharing a household, sharing a family, sharing finances—and often, sharing debt. So what happens to shared debts, such as joint credit cards, mortgages, and lines of credit if you and your spouse separate? And what if your ex-spouse declares Bankruptcy?

To understand, we need to step back and clarify how joint debt works in marriage.

Get Answers for All Your Debt-Related Questions

Because this is a complex area with many different variables, we highly recommend that you consult with us on your specific situation. Contact us today for a free consultation.


Consumer Proposal vs Bankruptcy

Can You Relate?

When it comes to debt, particularly high-interest debt from credit cards, a few missed payments can often become a slippery slope towards out-of-control debt.

Minimum payments barely cover the interest. If those minimum payments are missed, or if you need to go further into debt to pay them, it’s time to get help.

Nobody likes dealing with constant harassing phone calls or late payment notices. if you can’t afford to pay off all your debts, they won’t stop until you take action.

Often, wage garnishments from a creditor just compound the problem, and make it even more difficult to pay off your other debts.

Get A Fresh Start

It’s time to take back control of your life.
Call us today at (416) 927-7200 or fill the in the form below and book your free consultation.