FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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consumer proposal and a leased vehicle

My husband and I are considering filing for a Consumer Proposal. We have $20,000 in credit card debt. as well as an $8,000 consolidation loan. My concern is that I have a Leased vehicle that I require for work. Will I have to return my vehicle?
Thank you!

Posted from: Nova Scotia

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One Response to “consumer proposal and a leased vehicle”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Typcially speaking there is no impact on a leased vehicle. As long as you are up to date on the payments, have a history of making payments on time and can afford to continue to make the paymetns going forward, then filing a consumer proposal shouldn’t have any impact on the leased vehicle.