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I am getting divorced and my ex wife had a credit line in her name only which we both used. After separating we agreed that I would pay half and she obtained a consent order that I pay for half the credit line. If I were to declare bankruptcy would this be discharged as there is an order in place that I pay the debt. My understanding is that it is considered unsecured debt as I owe her the money. Would I be on the hook for the money or would this debt survive bankruptcy? Thanks in advance



Grant Thornton Limited



Sep 08, 2016



Hello, I agree that the consent order is an unsecured debt which should be included with a bankruptcy, if you decided to file. The debt shouldn't survive bankruptcy similar to child support and spousal support. However, I would discuss the implications with your matrimonial lawyer as it may affect your separation / divorce agreement. Please do not hesitate to contact our office at 310-8888 should you have any other questions or to schedule a consultation to discuss your financial options.

Susan Methuen
T 403-310-8888


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