proposal or bankruptcy?
January 24th, 2007 by Questions
For unsecured debt at 115,000, 5 major creditors, no missed payments, plus ccra owing 15,000 , struggle with gambling for one year, what is the \”maximum\” time one could be kept in bankruptcy for? (I have calculated that surplus payment will likely be 1000 per month – for how long?)
Or should I make a proposal, including ccra debts, rrsp 20,000 and proposal of 60,000 over 60 months, what is the likelihood of proposal being accepted? Could it be less?Who are the toughest creditors to deal with? Thank you.