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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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line of credit

I have a line of credit that I was able to get on equity on my house. Can this be included in a CP?

Posted from: New Brunswick

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One Response to “line of credit”

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

Chances are this was a secured line of credit and you had to use your house as collateral. If that is the case then you would not be able to include it in a consumer proposal. consumer proposals are focused on unsecured creditors.