Consumer Proposal/Proceeds from sale of house

March 8th, 2009 by Questions

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


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…

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