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Thank you Terry. I revised my post while you were responding. My initial post didn't make much sense even to me :o But.. some how you figured what I was asking :) TIC - If one person becomes bankrupt then do we lose 100% of the asset or only the 50%?

Hi, I’m trying to see which one would fit better in our situation. We are married. We both earn almost same. My wife is a director of a trustee company. Trust has a dance teaching business and my wife is the teacher (small scale on weekends). I'm the appointer. I might do 'data modelling' type...