Will spouse files will I lose my home?

January 1st, 2010 by Questions

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.

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