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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.