My husband is retiring in the new year and our income will be half of what we now receive...we are 6 yrs. behind in property taxes and owe 2800. to CRA and we are with credit counselling...we want to sell our home and it will give us approx. 50,000. in equity should we consider a consumer proposal or bankruptcty
asked November 21, 2017 by Anonymous
A consumer proposal is a personal choice that should not be made lightly. If you loan is $2800 and you will net $50k from the sale of your home, you should easily be able to pay that debt off. As well you could consider a low interest loan to help pay of your debt.
answered 1 year ago by Debt.ca Staff