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

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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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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Help with consumer proposal

What cash flow would be sufficient to file for consumer proposal?I am on EI and have a small part time job,and my husband just started two year carreer retraining program,so we both bring home arround $3300.Altough we hardly manage to cover our basics now,without minimum payments on unsecured credit card,we feel we would be able to afford payments on CP.We have about $65000 debt on unsecured credit cards.We have two kids,no house,and live in rented appartment…We would preffer not to go bankrupt,if possible.Please,help!!!

Posted from: Ontario

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One Response to “Help with consumer proposal”

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

The cash flow necessary to file a consumer proposal is going to vary with your level of debt and the composition of debts. So the only way to really determine this is to take the time to meet with a local trustee, they will be able to review your creditors and your budget to help you determine if you have the necessary room.