Should we have used extra pay for our consumer proposal?
October 17th, 2014 by Questions
What is looked at as far as $ received but not paid on the debt? My husband received a termination pay which we used for some debts, home repairs & a vacation. Will it count against us in a consumer proposal that we didn’t pay off debts? Also recently put a 2nd mortgage on our home from which we paid existing mortgage, utility arrears and replaced a broken down car needed to get to work. Husband paid off his credit card with termination pay but it was charged up again. Will creditors look at these kinds of things?
Posted from: Ontario
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