Comments on: proposal http://www.bankruptcy-canada.ca/consumer-proposals/2010/01/proposal-10.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/consumer-proposals/2010/01/proposal-10.html#comment-113393 Ted Michalos, CA trustee Wed, 27 Jan 2010 12:26:05 +0000 http://www.bankruptcy-canada.ca/consumer-proposals/2010/01/7999.html#comment-113393 I doubt very much that you were speaking to a trustee about a "consumer proposal" - more likely you spoke to a debt consultant of some description about somehgn they call a proposal, but which is really a debt settlement program (these require you to repay 100% of your debts). Either ask the folks you've already spoken to if they are licenced trustees and if they are suggesting a consumer proposal - I suspect the answer will be no. Or use the links on this site to find a trustee in yur area and ask them to review your situation and options with you. Whatever you do, don't commit to any program until you are sure you understand what it is and how much it will cost you. If someone asks for money up front just walk away... I doubt very much that you were speaking to a trustee about a “consumer proposal” – more likely you spoke to a debt consultant of some description about somehgn they call a proposal, but which is really a debt settlement program (these require you to repay 100% of your debts).

Either ask the folks you’ve already spoken to if they are licenced trustees and if they are suggesting a consumer proposal – I suspect the answer will be no.

Or use the links on this site to find a trustee in yur area and ask them to review your situation and options with you.

Whatever you do, don’t commit to any program until you are sure you understand what it is and how much it will cost you. If someone asks for money up front just walk away…

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