January 27th, 2012 by Questions
I owe $150,000 and earn about $4000 net per month. I was considering a consumer proposal as the interest on my credit cards are high and it would take many years to pay this debt off. My trustee told me I would have to make 60 payments of $1800 which may get accepted by the creditors. The trustee fees are just over $20,000. Does this amount sound reasonable or would a lower proposal be accepted? Is the amount determined by my income? Thanks in advance for sharing your expertise.
Posted from: British Columbia