I've had a gambling problem for a while now, without my partner knowing. I'm managing the situation by paying off my debt with more debt, and I've accumulated about $30,000 in debt. We co-own a condo with an equity of approximately $40,000. Can I file a consumer proposal without my partner knowing, and what will happen to the condo or the equity?
You can make a consumer proposal and keep your condo. Your proposal must take into account the potential value of your undivided share of the condo.
Since you have at least one joint debt on the condo, it would be best to discuss your options with your spouse once you have obtained all the necessary information from a trustee.
Since you have at least one joint debt on the condo, it would be best to discuss your options with your spouse once you have obtained all the necessary information from a trustee.
Questions reliées
- A few months ago, I bought a new car, financed by the bank. My partner signed the loan agreement, and I was the co-buyer. If I sign a consumer proposal, what impact will it have on the loan? I don't want my partner to be disadvantaged.
- Can I consider the consumer proposal even if I am receiving unemployment insurance benefits (I have the maximum benefits)?
- Can my spouse and I submit a proposal at the same time? We have approximately $115,000 in debt. Can we also include our line of credit and credit facilities in this proposal? My mortgage renewal is due next year: could the financial institution refuse me?
- Does making a consumer proposal impact our job prospects? To work for the government, applicants are required to sign an authorization to check references, criminal record, and credit before being hired.
- For the past few years, the provincial government has been garnishing my wages. After all this time, I'm at my wit's end. However, I'm indebted to friends and family. I also owe Hydro-Québec, Mastercard, and now the federal government is demanding over $4,000, which will result in another wage garnishment. I'm in debt and I couldn't pay my rent this month. Can I include my unpaid rent in my consumer proposal since my landlord has gone to the Régie du logement (Quebec Rental Board) and the next month is coming up and I won't be able to pay it?