Student line of credit

February 28th, 2011 by Questions

I have a student line of credit of $4800.00 cosigned by my mother. Am I able to pay this off separately if I go through consumer proposal? I do not want my mom to be affected.
Thank you.

Posted from: British Columbia

Questions

One Response to “Student line of credit”



February 28, 2011 at 9:36 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

No, in a consumer proposal you would not be able to pay this cosigned student line of credit off separately. One of the legal requirements of a consumer proposal is that you must make it to all creditors, you can’t pick and choose.

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