August 25th, 2012 by Questions
Hi, I have about $45,000 Credit Card Debt and I’m thinking to file for a Consumer Proposal. My question is: how is the amount of the monthly payment to the unsecured creditors calculated?? I understand the amount is dependent on my monthly income (average of the past 3-6 months) and my expenses. Is there a formula to calculate that?
For example, how much could be the difference if my income is $3,000 a month or $1,500 a month?
Second Question: Should I apply for a car lease now that my credit is still ok?
Many thanks and best regards
Posted from: Quebec
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