New Car and a Consumer Proposal
May 26th, 2008 by Questions
Recently I have been looking into filing a consumer proposal. I bought my car about a year ago, and during my research into proposals I have come to the realization that my bank didn`t register a lien on my vehicle. I was charged the lien fee at the time of purchase, but I cannot find a registered lien.
I have been advised by a top person in your profession that the safest thing for me to do is sell my current car, and get a new leased car. I won`t get as much for my car as I owe on the loan, so I will have to include the balance into my proposal.
I would like to get some feedback from you on this, as it seems like delicate ground.
Posted from: Alberta