bankruptcy or Proposal
I have a house worth approx 470K with a mtge of 415K. unsecured debts of 50k.
Had a failed business which really put me bdhind on cc payments. but now have a full time job. my wife and I make approx $5500- $6k net per month total.
We would like to keep the house and the 2 cars (0 equity in those.)
Is a comsumer proposal a good option? or bankrupcy. Is there too much equity in the house for a bankruptcy.
Posted from: Ontario