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debt and mortgage

I earn 29,000.00 before tax and have debts of about $60000 including credit cards and line of credit.

Would i be eligible for consume proposals? and my partner pays the mortgage, but its in both our names how will this be affected?

Posted from: Ontario

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One Response to “debt and mortgage”

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

Yes, you would qualify to file a consumer proposal. Qualifying is fairly simple (i.e. you have to owe greater than $1,000 and are unable to generally pay your debts as they become due).

In terms of your mortgae, it won’t be affected as the consumer proposal is only able to compromise your unsecured creditors.