my ex-wife’s consumer proposal on our joint credit card debt
December 5th, 2008 by Questions
My ex-wife did a consumer proposal on our joint credit card debt, totallying $8000, together with her personal debt. The total consumer proposal that she did is 17500, paying 350 per month over the period of 5 years. However, because the 2 credit card debt`s were joint, the creditors are asking for me to pay them, eventhough they have accepted a consumer proposal from my ex-wife. Now, I have the money to pay these creditors, but I`m asking if I do pay them, will my ex-wife`s consumer proposal be reduced , from 17500 – 8000 = 9500. Also, she owns 25% of the house, with me owning 25% of the house, and 2 other people owning 50 % of the house.
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)