FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

Hidden

What's the best time to contact you?*

Location*

What city do you live in?*

Hidden

Source

How can we help you?

Name

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Joint Proposal Possible?

is it possible to file a joint consumer proposal?
i have unsecured debts of about $95,000 and my wife has unsecured debts of about $45,000.Some of the credit card companies are the same but none of the accounts are joint. I am hoping this way i don’t have to file a division 1 proposal and perhaps i would have a better chance of success.
thanks

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Joint Proposal Possible?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

Yes a joint consumer proposal is definitely a possibility, but usually you must be able to demonstrate that the majority (or at least a portion) of your debt is joint. Now there are some instances where this is not an absolute necessity but it is up to your trustee. However, by filing a joint proposal there is no adjustment to the $75,000 rule, so if your debt is a combined $140,000 you would still be looking at having to file a joint Division One.