November 28th, 2011 by Questions
My spouse and I are considering a filing a consumer proposal. We are in our late 50’s. We will never have enough time to pay off our unsecured debts. I expect, because of our combined income that we will need to pay nearly if not 100% of what we owe to make the proposal more attractive than a bankruptcy. Is it common to offer 100% of the debt to the creditors in a consumer proposal? We think the protection under a consumer proposal is better than trying a debt settlement.
Posted from: Ontario