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Question:

 

If i did a proposal its my line of credit that im concerned with do I lose what savings i have.I have a savings account



From:

 


Grant Thornton Limited

Date:

 

Nov 15, 2017

Answer:

 

Hello Tony, thank you for your question. A consumer proposal can be a great option for settling your unsecured debts, including lines of credit. You are permitted to retain reasonable amounts of savings however, a bank that you owe money to has the right of offset against any savings on deposit with them. We would be happy to review your situation in more detail and determine what a consumer proposal may look like for you. You can book a free confidential consultation through our toll free number 310-6060. Kaitlin

Grant Thornton Limited
T 310-6060
askanexpert@ca.gt.com

 

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