consumer proposal and a leased vehicle
November 9th, 2009 by Questions
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
One Response to “consumer proposal and a leased vehicle”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
November 10, 2009 at 11:44 am, 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.