Can you lose your house if you file a consumer proposal?
I have a house with some equity. I owe $85,000 on my credit cards, line of credit and other small loans. I have been trying to keep up with the minimum payments but I can't anymore so everyone has closed off my credit now. Everything is in collections and collection agencies are calling me day and night at home and at work. They are really harassing me and I can't stop them. They are telling me that unless I pay everything right now their lawyers will make sure that I lose my house.
I am pretty sure that my credit is pretty bad because the bank won't give me any money.
What should I do. I was thinking of a consumer proposal but I'm afraid of losing my house. Do I have any options?
I will wait for your answer. Thank you.