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Consumer proposal

A person is paying a car if he does a proposal he lose his car?

Posted from: Ontario

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One Response to “Consumer proposal”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

In a consumer proposal there is no vesting of assets like there is in a bankruptcy. So with the proposal, regardless of the equity in the car or the provincial exemption, as long as the payment continues to be made there is no impact on the vehicle.