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whose income in consumer proposal

I want to file a consumer proposal for unsecured credit card debts and foreclosure deficit. Everything is only in my name, and i have a good job to afford monthly payments so whose income would be considered to determine monthly payments. My spouse does not want to get involved in any of this. Can my spouse stay away from all of this and his credit history stays good.

Posted from: Alberta

One Response to “whose income in consumer proposal”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

First of all to be done properly you need to make full disclosure of your spouses income when putting together this proposal. Now as long as your spouse hasn’t signed on any of your debts and you don’t own any joint property (and never did so), even if your spouses information is listed in the consumer proposal, if they are not listed on any of the debts they won’t be involved in the consumer proposal and there will be no impact on their credit.

However, there is a way to not include this informaiton at all. This is a little more confusing and you would have to contact a local trustee to discuss this further. But essentially there is a way things can be done where a spouse “refuses to disclose,” the require information.