Would I qualify for a consumer proposal?
April 23rd, 2015 by Questions
I am currently on EI, laid off because of low oil prices, but will be called back to work eventually (not permanent). Even when working full time, I found it difficult to keep up with payments. I have used up almost all my savings in just keeping up with the payments along with the EI payments to help. My EI payments are just enough to cover my vehicle payments, insurance, mortgage, etc. But I have approximately 30K in unsecured debts, and those payments have drained my savings. I am at the point where I can’t keep up anymore, and soon will have voluntarily to give up one or both of my vehicles. Would I qualify for a consumer proposal? I do not want to have to go bankrupt and lose everything I have worked for, because of a temporary layoff.