Do creditors need to know if we are separating?
October 21st, 2014 by Questions
Two years ago, my wife and I filed a credit proposal and it was accepted. We have paid continuously and on a regular basis ever since.
One month ago, we decided to separate but have remained on very good speaking terms.
We just recently have gone our separate ways (living in separate houses) and are both still pooling our income to support each other’s expenses until all is settled.
However, we were wondering if we need to inform our Trustee of this situation. My wife’s income will be increasing significantly in the next month or two and we will be able to pay our credit proposal to the end.
Do creditors need to know the change in our financial situation IF we are still able to pay our agreed consumer proposal amount?
Any information relating to this topic (which seems impossible to find on the internet) would be appreciative.
Posted from: Ontario