Comments on: Preparing for a Consumer Proposal http://www.bankruptcy-canada.ca/consumer-proposals/2008/10/preparing-for-a-consumer-proposal.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy http://www.bankruptcy-canada.ca/consumer-proposals/2008/10/preparing-for-a-consumer-proposal.html#comment-64979 Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy Fri, 31 Oct 2008 13:52:55 +0000 http://www.bankruptcy-canada.ca/consumer-proposals/2008/10/preparing-for-a-consumer-proposal.html#comment-64979 The re-financing of a mortgage right now is not a bad idea. For both the impact on credit argument you pose as well when you consider that we currently have record low interest rates that likely will start increasing if the inflationary concerns remain in the marketplace. As for what to not do in the next 3-4 months, where ever possible don't use any credit, this will reduce the likihood of difficulties during the proposal. The re-financing of a mortgage right now is not a bad idea. For both the impact on credit argument you pose as well when you consider that we currently have record low interest rates that likely will start increasing if the inflationary concerns remain in the marketplace.

As for what to not do in the next 3-4 months, where ever possible don’t use any credit, this will reduce the likihood of difficulties during the proposal.

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