Consumer proposal and vehicle leases
September 7th, 2006 by Questions
I\’m trying to avoid bankruptcy and am considering a consumer proposal to negotiate credit card debt acquired because of a failed business. With a proposal – I will be able to handle the credit card payments. The problem is my vehicle lease -the vehicle was acquired and paid for by the business, – the business is now closed. I\’ve attempted to negotiate with the lease company to waive penalties, take the vehicle and let me out of the lease – I would pay any mileage over fees. However if I go bankrupt – the lease company will lose out -I\’m trying to make this clear to them – but they won\’t budge.
can vehicle leases be included in the consumer proposal??
thanks – your blog is very informative
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