Unfortunately, relationship breakdown is one
of the most common causes of bankruptcy. There are many issues to consider if you and/or
your former partner are considering bankruptcy or a consumer proposal. Joint debt, support
payments, shared assets and equalization must all be considered in the context of bankruptcy
or proposals, as well as in terms of family law.
Make sure that your family lawyer is well-versed in the implications of a possible bankruptcy,
either for you or your ex-spouse, when advocating on your behalf.