How long for stable job

October 21st, 2007 by Questions

I want to make a consumer proposal within the next six months. I just started a new job. Will my creditors consider six months employment stable income?
Thanks

Questions

One Response to “How long for stable job”



October 22, 2007 at 8:01 am, A licensed trustee said:

There are no rules in regards to “how long” you have to have a job in order for the creditors to vote for or against you proposal – unless the creditors specifically ask, they won’t be told that information.

From a practical standpoint you should ask yourself “how confident are you that you can afford the proposal payments over the term of the proposal?” If you think you can then it makes sense to try theb proposal. If you aren’t certain then it is obvioulsy a “more risky” approach.

Talk to a trustee – they won’t let you file something that is unfair to either you or your creditors.

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