October 27th, 2011 by Questions
i am considering filing consumer proposal. I have 30,000 in debt and I have gone over my credit limit on two of my credit card about 10,000.My total debt is 40,000 now including over limit amount . Will this over limit amount 10,000 be added to my proposal or i will face legal restriction?
Posted from: Ontario
One Response to “Salu”
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.
October 27, 2011 at 6:54 am, A licensed trustee said:
Unless you deliberately added the extra $10,000 in the last few weeks before you file the proposal, there shouldn’t be any problems. Frankly, it is a bit unusual that a credit card company would allow you to go that far over on your limits…