Consumer Proposal and how it affects assests jointly owned

July 29th, 2008 by Questions

I am married and have found that I have accumalated a debt of 45,000 in my name with out my husbands knowledge. Can I ask for Consumer Proposal myself or does my husband have to be involved. I don`t want to risk losing our home and other assests.

Posted from: Ontario


One Response to “Consumer Proposal and how it affects assests jointly owned”

, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

It is very common for one partner of a marriage to have to file a consumer proposal and it really has no impact on your assets whatsoever. Unlike a bankruptcy, in a proposal no assets are vested in the trustee so there is no risk of looking those assets.

The best thing for you to do is to contact a local trustee and they will help you through the process.

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