February 11th, 2012 by Questions
I owe 67 K. in total. If 26k of that is owed to TD and 19K to RBC what are my chances of a consumer proposal being accepted, and would it still only be 30% ?
Posted from: Ontario
February 11, 2012 at 2:16 pm, A licensed trustee said:
Plan on about 1/3 of what you owe (assuming that is more than you would have to pay if you were to file for bankruptcy -if a bankruptcy is more than you’ll need to pay the higher amount).
TD is not particularly problematic to deal with, RBC can be, but only when they have more than 50% of the debt. In your case, RBC has less than 1/3 so they aren’t likely to cause you any problems.
Log in to Reply
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.