Car Purchase – Consumer Proposal
November 29th, 2010 by Questions
Last month I purcahsed car with full financing. If I file for consumer proposal next month, will I still be able to keep my vehicle? I am up to date on all the payments. I \’m concerned that this recent purchase and now proposal will look bad to my creditors and possibly they could say no, I can\’t keep the vehicle. The vehicle is financed with one of the banks where I have Line of Credit of $24,000 outstanding. I\’ve been making all of my minimum payments. I do not want to give up the vehicle and have a budget to show I can afford the payments if a proposal is accepted.
Posted from: Ontario
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