can i do a consumer proposal myself without my husband

March 17th, 2009 by Questions

i owe over 50000.00 to revenue canada from a past business can i do a consumer proposal without my husband doing it too, they have put a len on my house

Posted from: Ontario


One Response to “can i do a consumer proposal myself without my husband”

, A licensed trustee said:

You may certainly file a consumer proposal without yuor husband’s involvement, but I have some bad news for you. If CRA (the tax people) have already rgistered a lien on your home then a consumer proposal won’t clear the debt. By registering a lien the tax debt has become like a mortgage – it is secured against the value of your home. If your home has sufficient equity to cover the debt then you’ll be required to repay 100% of your taxes to have the lien lifted.

Use the links to find a trustee in your area – you need someone to look at the specifics of your situation. I suspect all I’ve done is scare you and that was not my intent.

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