Can I keep my car in a consumer proposal?

April 16th, 2014 by Questions

Can I keep my Car?

I bought my car 4 years ago for cash. It’s retail value is about $10,000. I own the car free and clear. Can I keep my car in a consumer proposal? My debt is about $22,000.

Posted from: British Columbia

Questions

One Response to “Can I keep my car in a consumer proposal?”


April 16, 2014 at 8:01 am, Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said:

When you file a consumer proposal your assets do not vest in the Trustee. Therefore, if the terms of the proposal are accepted you can keep your car.

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