Consumer Proposal & Deposit on House
April 11th, 2013 by Questions
Hi, I understand I will have to offer more than what my creditors will receive if I filed for bankruptcy. I have a deposit for a pre-construction condo that will be completed 3 years later. The mortgage will start in 3 years when the building is complete and is not under my name, also the deposit was from my parents. The house deed WILL be under my name. Will this deposit be counted as an asset when a consumer proposal assessment is done?
Posted from: British Columbia