Should You Get A Wedding Loan?

Posted in Money Tips
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

You’ve been planning your wedding down to the last small detail including the big question – how are we going to pay for this? Should you take out a wedding loan or use your credit card to cover some of the costs of your wedding or honeymoon? Let’s consider the concept of good debt and bad […]

Finances and Relationships: Infographic

Posted in Debt Help

Does a couple's debt affect their relationship? Or does a couple's relationship affect their debt? Are finances and relationships just another variation of the classic 'what came first: the chicken or the egg' debate? Regardless of which comes first, debt impacts relationships just as much as a couple's spending habits. As the infographic below illustrates, debt can […]

How To Deal With Divorce And Bankruptcy

Podcasts
Posted in Personal Bankruptcy
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

It’s often hard to know what came first: financial problems or the breakdown of the relationship. Generally, the two go hand in hand. To help me delve deeper into divorce and bankruptcy, my partner of Hoyes, Michalos, & Associates Inc., Ted Michalos joins me on today’s episode of Debt Free in 30.

A Complete Guide To Joint Debts

Posted in Debt Help

Joint debts are one of the hardest concepts to understand. Things can get even more complicated if one spouse declares bankruptcy or files a proposal or during divorce. Our quick info guide helps clear up some of the confusion.

Joint Debt and Co-Signing. Am I Responsible For My Spouse's Debt?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

It's time for another FAQ podcast and today we talk about if and when you might be responsible for your spouse's debt and how one spouse filing bankruptcy might affect the other. To answer these questions I talk with Hoyes Michalos Trustee in Bankruptcy, Jason Quinney joint debts and co-signed loans.

Show #39 - Full Transcript - FAQ: Joint Debts & Co-Signers

Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Listen to the podcast - Joint Debt and Co-Signing. Am I Responsible For My Spouse's Debt? Doug H:            Welcome to Debt Free in 30 where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. It's the end of the month so that means it's time […]

One Divorce, Two Solutions: A London Case Study

Posted in Success Stories

Download London Divorce - Joint Debt Case Study PDF Maternity leaves and job layoffs led to debt. Debt led to marital stress and ultimately, for Patty and Al, separation. While they were managing to maintain an amicable divorce, they needed to deal with their joint debts. Dividing the few assets they had between them was the easy […]

Joint Consumer Proposal: Dealing With Joint Debt

Posted in Consumer Proposals
Posted by Ted Michalos, BA, CPA - LIT

A consumer proposal in Canada as a negotiated debt settlement arrangement made between a debtor and his creditors through a licensed Consumer Proposal Administrator under the Bankruptcy and Insolvency Act. So what happens when two people are liable to repay the same debt? It is possible for two people to file a joint consumer proposal […]

Does Debt Survive Death?

Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

If someone dies, does responsibility for payment of their debts survive their death?  Could you be held responsible for the debts of your spouse or parents after they die? To answer this question we need to address three specific issues: Can debts be inherited? Is there money in the estate? What happens to joint debts? […]

When Your Ex-Spouse Fails To Pay Credit Card Debt

Posted in Debt Help
Posted by Rebecca Martyn, CPA, CGA, CIRP - LIT

Divorce can create some complicated financial problems. It is easy to understand why. Where two people were ‘sharing’ living expense before, they are now living individually and may not be sure who is responsible for what. Add in the complication that many times, when you separate, joint debt is involved. Both spouses may use one […]