Ontario bankruptcy or proposal
December 14th, 2006 by Questions
Unsure about doing a consumer proposal or a bankruptcy. My take-home pay is $2300, I am single, no kids and live with parents. I help with some bills usually about $200/month and car insurance is $150/month. My car is 1998 -worth about 4500. My debt is about $35000. I have about $4000 in an account not in my name -my pay gets deposited into this account.
Do I have to provide bank statements to show my pay? Will I be asked to do a proposal instead of bankruptcy since I can make good monthly payments?
I would do proposal if I could offer as little as possible say 30cents on the dollar so I have some money to start my life once this nightmare is over! Thanks for any help. Thank you for this wonderful site!!