March 19th, 2013 by Questions
Between my wife and I, we owe about 90K, mostly on credit cards with a few thousand on lines of credit with bank accounts. Most of that is mine — about 65K on cards and 6K line of credit on a commercial (sole proprietorship) account. We feel we can probably manage the 20K on her cards but if I file a CP, will she have to cancel her cards as well? They are solely in her name. We travel quite a bit for business and really need at least one card with enough limit on it to book hotel rooms and such.
Also, is there a problem with the auxiliary card she has on one of my accounts (the account itself is solely in my name).
And finally, we are about $1500 into a line of credit on our personal joint account. I realize I have to disclose this as a creditor, but will this automatically involve her in the CP, or can I still do it alone?
Posted from: Alberta
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