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Alger Bankruptcy Services

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Hello, My home was foreclosed late in 2012 as a result of a marital separation and the mortgage insurance company is now taking steps to collect the deficiency. I also have additional unsecured debt totaling $40K. Throughout the separation and prior to the foreclosure (4yrs) I have continued to make the minimum payments on these unsecured debts and they are current to this day. I also haven't added more debt by making purchases on my credit cards during this time. I knew that once the foreclosure went through, the mortgage insurance company would come calling and now that they are, I will have to seek some debt protection. My question is: Knowing that the mortgage insurance company would come calling once the foreclosure was complete, how will taking 3 vacations totaling $4500.00 since then effect a consumer proposal should I file one in May of this year? One of these trips is a destination wedding which was planned at least a year ago and will most likely be filing a proposal shortly after I return. Please note that these vacations were paid for using my savings and were not debt financed. Thank you for answering my question.



Alger & Associates Inc.



Mar 24, 2013



Hello and thanks for the question Congratulations on your pending nuptials. I see no difficulties for your pending Consumer Proposal given the circumstances. Your financing of your pending marriage from savings is in the correct approach. This should not impact on your Proposal. Please call me to discuss your circumstances in more detail. Regards Marie Kozlowski

Marie Kozlowski
T 403-296-3082


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