When the Crditor start suing its debtors
November 18th, 2009 by Questions
I have a $ 50,000 in unsecured (credit Cards debt). I have nothing to pay my creditors. No mortgage…..nothing to loos in bankruptcy. And from this month I am unable to pay my minimum Payments. I was thinking of filing consumer proposal, however I do not have a sound employment right now.
1. Is it to wise to wait a bit to get a Job and then file consumer proposal. As i do not want to file for bankruptcy.
2. When creditors usually go after its client and sue them.
3. Is it important for filling consumer proposal to have an employment or I can go for it without an employment.
4. Can browning from family members or Friends can be consider as an option to pay in proposal.. again i do not wanaa file bankrupcy..
Posted from: Ontario