On EI & insurance for loan soon to run out.thinking of consumer proposal
October 18th, 2012 by Questions
I lost my job in May 2012. It is now Oct 2012. I still havent found a job. I have approximately $65000 in debt.
One of my debt CIBC for $40,000 had insurance for loss of work. If I dont find a job by dec the insurance will run out. Should I file for consumer personal now. I am receiving $1600 a month on EI. or is it better in November if I am still out of work to contact CIBC and change the loan agreement . Also if I went to the latter route and change the loan agreement. And later on decided its still better to be on a consumer personal. Would me just changing the loan agreement with CIBC make it harder for CIBC to agree on the consumer proposal. Part of the $65,000.. I owe $9000 income tax.
Posted from: Ontario