September 10th, 2012 by Questions
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
September 10, 2012 at 8:41 pm, 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.
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.