Secured Debt and the consmer proposal limit
March 14th, 2009 by Questions
I have $42,000 of unsecured credit card debt. In addition, I have a secured car loan of $ 35,000, a secured mortgage of $160,000 and a secured trailer loan of $42,000.
I would like to make a consumer proposal, but am uncertain if the Trailer will be considered outside and secure under the terms of a proposal.
If it is not, then I will not qualify as this puts me above $ 75,000.00
Posted from: Ontario