67 K
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
One Response to “67 K”
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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.