Consumer Proposal New Limits
September 1st, 2009 by Questions
I understand that on September 18 the consumer proposal limits increase from 75k to 250k is this correct?
Posted from: Ontario
One Response to “Consumer Proposal New Limits”
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September 02, 2009 at 5:27 am, A licensed trustee said:
Yes, as of Sep 18 the new debt celing for consumer proposals is being increased to $250,000. For married couples filing a joint proposal the new threshold will be $500,000.
The threshold includes all of your debts (secured and unsecured) except for mortgage debts on your principal residence.