reasonalbe payment for consumer proposal

October 30th, 2009 by Questions

I am just wondering what is considered a reasonable payment for a consumer proposal. I owe about 70000 in unsedured debts.
if you can give me an estimate how much my payment would be for 5 years and 4 years proposal.

Posted from: Ontario


One Response to “reasonalbe payment for consumer proposal”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

You will have to contact a local trustee to do this. The difficult is that “reasonable” is measured in comparison to your typical monthly income, the composition of your debts, and the nature of asses within the household. So for a realistic estimate of a reasonable payment in a consumer proposal you will need to meet with a local trustee so they can review your situation and at that point they will be able to estimate what they believe will be required.

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