Joint Bankruptcy -vs- Consumer Proposal?

My husband and I hold separate accounts and debts. Do we both have to file a proposal or can just the one who is struggling. I can manage my debt load as well as my share of expenses but he is falling behind and I don’t have extra in my budget to help him

Posted from: Ontario

One Response to “Joint Bankruptcy -vs- Consumer Proposal?”

A licensed trustee said...

Each spouse is free to do what they think is best, independent of what the other spouse decides to do. So your husband can file a proposal and you can carry-on as you have been doing. Keep in mind, that if your spouse files, you will be held responsible for 100% of any joint debts the two of you have together. Make sure you factor those payments into your budget so you don’t get into trouble yourself.