Can an unsecured debt consolidation loan be excluded from consumer proposal?
August 22nd, 2014 by Questions
My husband and I are considering filing a consumer proposal. We have a mortgage, a car loan, an unsecured debt consolidation loan that my parents co-signed on, and several credit cards.
We can manage our mortgage, car loan, and consolidation loan, but are getting further and further into credit card debt. Is there a way to file so that the unsecured debt consolidation loan is excluded from the consumer proposal, thus leaving us to continue paying it as we have been and avoiding the debt being turned over to my parents?
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)