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Question:

 

My husband was told because we have too much equity in our house he was not eligible to apply for consumer proposal. My question is because my name is not on the mortgage am I eligible to apply for it on my own?



From:

 


Grant Thornton Limited

Date:

 

Jun 01, 2017

Answer:

 

Thank you for your question. If you are not on title for the property then any equity your husband may have in his property does affect your ability to file a Consumer Proposal. However if there are any debts jointly held with your husband - a Consumer Proposal filed by you would not stop those creditors from seeking payment from him. If you would like to discuss your situation in greater detail please feel free to contact our office at insolvencyinfo.ns@ca.gt.com. Rob

Grant Thornton Limited
T 310-6060
askanexpert@ca.gt.com

 

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