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”

, 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.

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