Sentences with phrase «joint consumer proposal»
It is possible to declare a «joint bankruptcy» or «joint consumer proposal» with your spouse.
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It is possible, in fact quite common, for a consumer proposal to be filed by more than one person — this is called a joint consumer proposal filing.
The couple might have the option to file a joint consumer proposal, or a joint assignment in bankruptcy.
If two people, such as a husband and wife, have common debts, they may file a joint consumer proposal, provided their debts (excluding mortgage) do not exceed $ 500,000.
While the most common approach when debts are substantially the same between spouses is to file a joint consumer proposal we have seen cases where:
He goes on to say that filing a joint consumer proposal would be around half of that cost because you're only dealing with the debt once.
Not exact matches
«The proposal represents a unique and compelling opportunity for Goodman Fielder to maximise value for its shareholders and create a leading Asia - Pacific agricultural and consumer staples joint venture with strong financial resources and Asian understanding,» Wilmar and First Capital said in a joint statement.
The event was a culmination of a joint initiative of the Senate President and DFID's ENABLE 2 and GEMS 3 programmes and had been preceded by a comprehensive research into laws inhibiting businesses in Nigeria leading to specific legislative proposals to improve the business environment in terms of competition and consumer protection, transportation and infrastructure, improving MSMEs access to finance, reform of land use and construction laws and administration, doing business reforms amongst others.
Contrary to this belief, it is possible to file a bankruptcy or consumer proposal together if you are carrying joint debts.
If you're unsure whether your debts are joint or you're wondering how a joint bankruptcy or consumer proposal process works, contact a licensed Trustee in Bankruptcy to review your situation and discuss all of your options.
It is possible for more than one person to file a consumer proposal together — this is called a joint filing.