line of credit

September 10th, 2012 by Questions

I have a line of credit that I was able to get on equity on my house. Can this be included in a CP?

Posted from: New Brunswick

Questions

One Response to “line of credit”


September 10, 2012 at 8:41 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Chances are this was a secured line of credit and you had to use your house as collateral. If that is the case then you would not be able to include it in a consumer proposal. consumer proposals are focused on unsecured creditors.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)