Will my spouse’s assets be held in trust if I file for bankruptcy?
The spouse’s assets will not be affected by your bankruptcy provided:
- the spouse is not a business partner
- the spouse has not guaranteed your debts
- the spouse’s assets have not been encumbered to secure your debts
- the spouse’s assets were legitimately acquired by the spouse and were not transferred to the spouse by you for the purpose of defeating your creditors
For additional information view part 2.
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