July 25th, 2006 by Questions

Firstly, can you do a proposal if your only income is EI (MB)?? And secondly, how can you avoid bankruptcy if your bills are 2K while your income is 1K ??



, A licensed trustee said:

You are allowed to file a proposal regardless of your source of income, but there aren’t many trustee’s that would recommend a proposal for someone on EI, particularly if they are only receiving $1,000 a month.

It is too your credit that you want to repay a portion of your debt, but it may not be appropriate for you to file a multi-year repayment plan without a steady, long term source of income.

I suggest you use the links at the side of the page to find a trustee in your area so that you can discuss your options in greater detail with someone in person.

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