December 12th, 2009 by Questions
My family and I have about $90 K in unsecured debt. We rent and have one vehicle secured against Nissan Canada. We have about $13 K in RESP for children. We are in a jam cause of loss of job and spouse`s income not enough to survive. If we file bankruptcy, the only amount the creditors would roughly get would be around $15 K. If we proposed, say, $20 – $25 K immediate payout on a consumer proposal, would the creditors accept that. My parents are thinking of offering this to us to help us out in this regard.
Posted from: British Columbia