February 11th, 2011 by Questions
We are considering me and my wife filing for proposal. We have just refinance mortgage to include a LOC with the same bank as they did not want to pay other debts- we are left with 40k credit cards and loans from other institutions and no equity-will this be a problem when filing?
Second question: We have some RESP for kids- if we cash out and wait 6 months or so and then file and offer a lump sum in proposal – will this be a problem too.
Appreciate your help.
Posted from: Ontario