Vehicle leases and consumer proposal
September 7th, 2006 by Questions
If i return my leased vehicle 6 months before the end of the term – the lease no longer becomes secured right?? Can the balance owing to the lease company then be considered un-secured debt to be included in a consumer proposal with my credit card debt??
I will owe $12,000 at the end of May 07 plus additional mileage of $4000. and any excessive wear and tear. I\’m looking to meet with a trustee to discuss a consumer proposal for my credit card debt and in order to be able to handle the monthly payment for the credit cards – i need to get rid of my monthly vehicle lease of $600.