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Question:

 

My step dad is 59 and is 100k in debt do to his business debt that he put on his personal line of credit and his personal visa. He does own his home and got it valued at 185k last week. He has NO saving or rsp/rrsp/tsfa for retirement and his home is falling apart. Do you think bankruptcy or consumer proposal sounds like a smart option for him? Concerned son.


From:

 

Grant Thornton Limited

Date:

 

Nov 02, 2014

Answer:

 

Hi Corey A consumer proposal would be a great option if your step father has the ability to make an offer to the creditors which would be a better deal than a bankruptcy. I would be happy to meet with both you and him at your convenience and discuss the situation in detail. Please give me a call at 403 909 9572 or email me at marie.kozlowski@ca.gt.com

Marie Kozlowski
T 403-296-3082
Marie.Kozlowski@ca.gt.com

 

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