If a consumer proposal is possible, can I still choose to file for bankruptcy instead ?

- Consumer Proposals
- Consumer Proposals FAQ
- How a Consumer Proposal Works
- Did Your Creditors Agree to Your Proposal?
- Annulment of a Consumer Proposal
- How a Consumer Proposal Affects Your Credit Rating
- Consumer Proposal Debt Limit
- A Glossary of Consumer Proposals Terms
- Joint Filing
- Consumer Proposals Law
- Are Consumer Proposals Often Refused?
- Consumer Proposal Payment Terms Examples
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Consumer Proposals Articles - Archive: August 2007
The latest Consumer Proposal related questions, with our experts' responses:
I filed a consumer proposal to a Bankruptcy Trustee on June 29, 2007. On August 14, 2007 the Bankruptcy Trustee informed me that the proposal was deemed accepted by my unsecured creditors since the 45 day period had expired. This consumer proposal is for a period of five years. On August 16, 2007 I received [...]
Is it possible to negotiate with the canada tax dept. ? Taxes owing over $43,000. Ican only afford payments of $1,ooo/mth. The interest charges take up most of that. Dont own a home or car, am a senior citizen and work parttime. Any suggestions?



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