Spousal Buyout of a Mortgage
When a marriage, common-law arrangement, or another significant relationship ends, the division of assets, such as a mortgage, must be considered before the relationship is completely over. Unfortunately, how a mortgage is handled in this situation isn’t always black and white. Depending on how the partners decide to agree to… Read More
Will Getting a Divorce Affect My Credit?
Your credit score is very important to your financial health and the freedom and flexibility that you have as far as major expenditures and taking out loans are concerned. But what about when you get a divorce? Does divorce have an effect on… Read More
How to Deal With Your Mortgage During a Divorce
You can divorce your partner, but unfortunately, you can’t divorce your mortgage. And just like your partner, your mortgage will take what is rightfully theirs. One of the most stressful issues, when going through a breakup or divorce, is dealing with joint debt. When getting divorced, couples aren’t… Read More
Will Filing for Bankruptcy Affect my Spouse?
In Canada, if an individual is married and files for bankruptcy it does not affect their spouse. You are the only person who is responsible for the money you owe; your debts are yours alone. If you file for bankruptcy your debts are discharged, no one including your spouse… Read More
Protecting Your Finances During a Divorce
A divorce is typically a trying time for most couples. Not only does it affect most people emotionally but also financially and socially. The financial issues are generally especially sensitive as splitting up years’ worth of finances can be extremely time consuming and complicated. Divorce can be expensive so it’s… Read More