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lots of debt

my wife and I jointly have about $145000 in unsecured debt, are we still eligible to apply for a CP

Posted from: Ontario

One Response to “lots of debt”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Yes, you are eligible to file a consumer proposal as long as your total debt is less than $250,000 (excluding the mortgage on your principal residence) then yo qualify to file a consumer proposal without any difficulty.