Will Bankruptcy Affect My Kids?
Absolutely not. Your bankruptcy is yours alone. Your family is only involved when it comes to the preparation of your budget. The budget is based on family income (your income and that of your spouse or partner plus any child tax credit being received) and the family living expenses. When listing the family expenses, there is also shown the cost of your child’s allowance, school and sports fees. As long as the expenses are reasonable, there is never an issue with the creditors.
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.