Consumer Proposal – RRSP
January 19th, 2009 by Questions
I understand that to be eligible to file a consumer proposal you:
– Must be a person (businesses may not file consumer proposals)
– Must be insolvent
– Must have total debts (excluding the mortgage on their principle residence) of less than $75,000
Would I be considered insolvent if I have $50,000.00 in an RRSP?
Also, I have car loan – $25,000.00 on a car worth $30,000.00 can this be brought into the Consumer Proposal?
Posted from: British Columbia
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