Bankruptcy question

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Ambivalent Chilli
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Re: Bankruptcy question

Post by Troll_Handle » Tue Feb 13, 2018 8:51 pm

When the issue is largely the accumulation of interest, a consolidated loan or consumer proposal will often work out well. They may not need to go bankrupt.

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Stew Ingredient
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Re: Bankruptcy question

Post by Scrubb » Wed Feb 14, 2018 1:51 am

Yes, it seems likely that the consumer proposal will be the way to go. I doubt they could get a consolidated loan - they had one a few years ago, and paid it back on time, but this time it's a LOT more money and I doubt the bank would think they're a good risk.
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