Consumer Proposal and Joint Debt
March 15th, 2007 by Questions
I am considering filing a Consumer Proposal however am facing a roadblock. I have a joint debt with my sister (she co-signed). She is purchasing a house that hasn\’t yet closed. What will happen to her credit if I file a consumer proposal, will it ruin her credit as well? I owe this particular bank for a line of credit (joint) as well as a visa card, what are the chances they will not accept the consumer proposal thinking that if I go bankrupt they can go after my sister. If they accept the proposal will they still go after her for their money?