Rental costs for a consumer proposal

October 2nd, 2007 by Questions

I live in an apartment with my husband. The apartment is in his name only. (I moved in several years ago and didn`t have to sign the rental agreement.)

Now I`m considering a consumer proposal. Will the trustee treat the apartment as a cost that my husband is completely responsible for? Will they ignore the $600/m I pay in rent when they calculate my income?

For example, I make $2000/m. Will what I can afford in a proposal be calculated with or without the $600/m? He needs the $600/m or we couldn`t afford the rent.


One Response to “Rental costs for a consumer proposal”

, A licensed trustee said:

Your trustee will certainly include your rental expense in their calculations of your monthly income and expense (and therefore your ability to repay your debt).

The budget that is submitted along with your proposal (to your creditors) will include the income and expenses of everyone in your household – not just your items, but your spouse’s as well. In order for a proposal to work the payments need to be realistic and that means all of your income and expenses will be included.

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