FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Consumer Proposal/Proceeds from sale of house

My husband and I are planning on filing a joint consumer proposal. Our house is also presently on sale. Our proposal would be to pay 50% of our debts or close to 50,000$. If we manage to sell our house, could the proceeds of the sale be used to pay off the proposal early?

Posted from: Quebec

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One Response to “Consumer Proposal/Proceeds from sale of house”

A licensed trustee said...

That’s a great idea and it is done quite regularly. In fact, you can write that as a term in your proposal and that will likely reduce your monthly payments until the hosue sells…