informal proposal by relative to credit card companies
January 21st, 2009 by Questions
My brother is mentally ill and is now on disability for his psychiatric condition. His wife has met with a trustee and depending on the appraisal of their home (on which they have a second mortage) they may be able to make a consumer proposal or given the reduced income may have to file bankrupcty. I am in a position to pay off a portion of their credit card debt in an attempt to keep the children in their home. If I were to phone the credit card companies with an offer and one was to accept but others wouldn`t, how might this jeopardize their chances at a consumer proposal?
Posted from: Manitoba