Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Living with bankrupt boyfriend? - My boyfriend has worked for himself for years and told me yesterday that he had been audited and now owes the Canadian government $60,000 and the interest accumulated over 8 years bringing his grand total to $160,000. He is speaking with a trustee but through research and conversations with Canada Revenue Agency, it seems that his best option may be bankruptcy.
I'm a flood of emotions and questions, some of which I resolved through a bit of research. I love the man and I don't think I would be able to abandon him in his time of need.
We live 1.5 away from eachother and only see eachother on the weekends and had been discussing him moving to my city to live together, prior to this revelation. If have nipped this in the bud because I do not want to put myself in the line of fire. Neither of us own a house but we do both have vehicles that are paid for. I have a tidy sum in my savings and own an entire houshold of nice furniture etc.
**HYPOTHETICALLY** If we at any point move in together am I at risk of having my belongings or savings seized by Canada Revenue Agency becuase we share that same residence? If so, how can I proove that they belong to me and not him if need be? Is there a time frame between when he files for bankruptcy and when moving in with him will pose no risk?
I am just asking because I was really excited to start the next chapter of my life with this man and now my dreams feel dashed, maybe I'm looking for hope.
Please, some advice would be appreciated. -
