Will spouse files will I lose my home?

How will my mortgage be affected if I am joint with my spouse and they wish to file a consumer proposal? Will the bank be able to close our mortgage, or can I be forced to sell my home?

Posted from: Alberta

One Response to “Will spouse files will I lose my home?”

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

The filing of a consumer proposal in and of itself shouldn’t have any impact on the joint mortgage. As long as you have had a consistent payment history with the mortgage then the consumer proposal really shouldn’t change things.