The son knows how to spend I give him that.
Take a look my DIY thread.
The Proposal was very clean. Two banks sent him one CC each and he ran those up pretty fast to $18K and then stopped, but the interest was 24% and finally when they were notified by the Trustee the tab was $22K.
In my opinion, the Banks should have got stiffed for the full amount. Sending a kid who washed cars for a living two CCs.
I wasn't the least bit annoyed. He took two trips; one to France et al with his GF and man is that the time to do it.
Just prior to the Proposal we sold his Tacoma and bought a 20 year old little Bimmer for $3K. Sold it 2 years later for more after we covered all the rust up. At that time one's vehicle could not exceed $4K in value vis-a-vis the Consumer Proposal.
I was quite pleased with the whole affair. He stuck with cash only for years after and paid me back right away.
The Proposal is on one's consumer record for 3 years after final payment. Consequently, you've got to act quickly.