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Alberta Bankruptcy Question & Answer Forum
Author: |
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Anonymous |
Question: | |
we are considering a consumer proposal, i am wondering what happens with secured debt for example car loan. the rest of our debt is unsecured. | |
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From: | |
Alger & Associates Inc. |
Date: | | Mar 09, 2010 |
Answer: | |
Secured debt is not affected by the proposal and generally you would continue to make payments. In the event the asset was worth far less than the debt we could place terms in the proposal to contact that. Karen Rideout
phone: (403) 296-2973
krideout@alger.ca |
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