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Alberta bankruptcy Q&A forum

Question:

 

Under a Consumer Proposal of both husband and wife are both required, according to Bankruptcy law, have to reside in the matrimonial home (their principal residence) during the completion of the Proposal's term?


From:

 

Grant Thornton Limited

Date:

 

Sep 20, 2016

Answer:

 

Hello, No, a husband and wife do not have to reside in the same home to file a joint consumer proposal; however, we do discuss the implications if one party decides that they cannot continue. If a joint consumer proposal was filed and accepted by the creditors, you are not required to reside together until the completion of the proposal terms. However, we again, discuss if the separation will impact your ability to continue with the proposal terms. Please do not hesitate to contact our office if you had more questions concerning the filing of a proposal or bankruptcy.

Susan Methuen
T 403-310-8888
susan.methuen@ca.gt.com

 

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