mortage with a line of credit attached to it
I have a mortage with a line of credit attached to it. Would this LOC be included in the consumer proposal?
Posted from: Nova Scotia
Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
I have a mortage with a line of credit attached to it. Would this LOC be included in the consumer proposal?
Posted from: Nova Scotia
No, a consumer proposal is designed to deal with unsecured creditors. When you secured creditors they largely operate outside of the consumer proposal. The only work around is if you return whatever property they are secured by prior to filing the consumer proposal.