Wondering about the $75,000 limit for consumer proposal
December 23rd, 2005 by Questions
My wife owes $30,000 in student loans. I owe around $65,000 (line of credits, credit card and student loans). She only co-signed me for one line of credit that I owe on $18,000.
So combined we owe over $75,000, but individually each of us owes less than $75,000!
Is the consumer proposal limit of $75,000 or less of unsecured debt apply to both of our debt combined? Or this rule for individual debt? In other words can we file separate consumer proposal for each one of us?
thanx again for the great info. you guys provide.