http://www.bankruptcy-edmonton.com/bankruptcy/2008/11/bankruptcy-and-spouses-property.html Bankruptcy Edmonton Tue, 07 Feb 2012 15:47:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.bankruptcy-edmonton.com/bankruptcy/2008/11/bankruptcy-and-spouses-property.html/comment-page-1#comment-299 Barton Goth, Trustee in Bankruptcy Tue, 02 Dec 2008 14:18:34 +0000 http://www.bankruptcy-edmonton.com/bankruptcy/2008/11/bankruptcy-and-spouses-property.html#comment-299 As long as the assets are owned by your wife, your wife paid for them, and you can trace those purchases back to her income then you will have no problem. However, if for example you bought a house together and put it in her name to protect it, this doesn't actually mean it is entirely her asset, as the argument can be made that you were together at the time, both of your income's/efforts contributed to the benefit of the house and therefore it is in actuality a joint asset. As long as the assets are owned by your wife, your wife paid for them, and you can trace those purchases back to her income then you will have no problem. However, if for example you bought a house together and put it in her name to protect it, this doesn’t actually mean it is entirely her asset, as the argument can be made that you were together at the time, both of your income’s/efforts contributed to the benefit of the house and therefore it is in actuality a joint asset.

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