December 29th, 2007 by Questions
Good day. I have a secured car loan with 24 month term remaining. Unfortunately, I will be filing for a consumer proposal or bankruptcy in 2008 as my overall debts are becoming unbearable.
My car is worth about $6000 but it`s very reliable and I would like to keep it. Would other creditors consider it `preferential treatment` if I cashed in my rrsps or doubled up on my payments to ensure that my car has a clear title, prior to bankruptcy? Thank you