Can I keep my car in a consumer proposal?
April 16th, 2014 by Questions
Can I keep my Car?
I bought my car 4 years ago for cash. It’s retail value is about $10,000. I own the car free and clear. Can I keep my car in a consumer proposal? My debt is about $22,000.
Posted from: British Columbia
One Response to “Can I keep my car in a consumer proposal?”
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.
April 16, 2014 at 8:01 am, Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said:
When you file a consumer proposal your assets do not vest in the Trustee. Therefore, if the terms of the proposal are accepted you can keep your car.