Consumer proposal
September 12th, 2011 by Questions
A person is paying a car if he does a proposal he lose his car?
Posted from: Ontario
One Response to “Consumer proposal”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
September 12, 2011 at 9:20 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
In a consumer proposal there is no vesting of assets like there is in a bankruptcy. So with the proposal, regardless of the equity in the car or the provincial exemption, as long as the payment continues to be made there is no impact on the vehicle.